Economy, Domestic Economy

No VAT on Pharmaceuticals

No VAT on PharmaceuticalsNo VAT on Pharmaceuticals

Medical products, including but not limited to medications and treatment kits, are not subject to value added tax, said the deputy head of Iranian National Tax Administration. Therefore, overcharging pharmaceutical buyers with VAT is illegal and those pharmacies found in violation of the law will be prosecuted, Mehr News Agency quoted Alireza Taribakhsh as saying.