Customs Duties and Vat Exempted for Treatments for Rare and Incurable Diseases Starting This Month

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Starting this month, customs duties and value-added tax (VAT) will be exempted for medicines used to treat rare and intractable diseases imported and supplied through the Korea Center for Rare and Essential Medicines. This measure follows the enforcement of the amended Customs Act and the Restriction of Special Taxation Act, which were revised last December. The Ministry of Food and Drug Safety and the Korea Center for Rare and Essential Medicin…