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Medicament Price to Surge 70 Percent in Russia
Introduction of the unified excise tax that is so advocated by tax officers will hike prices for medicaments by 70 percent and increase six fold the yield of illegal production of alcohol, concludes the RF government’s report elaborated by Finance Ministry.
The current procedures for imposing excise taxes provide for a list of exempt products. The changes and “referring excise taxes by exempt goods producers to the cost of acquired ethyl alcohol will hike the price for certain goods, in which production either the ethyl alcohol or the alcoholic products are used,” the document says, RIA Novosti reported.
”With the excise rate of 162 rubles per a liter of absolute alcohol, the prices are estimated to grow by 10 percent to 40 percent for lots of perfumery and cosmetic goods, while the medicine will have the growth from 2.5 percent to 70 percent,” according to report of Finance Ministry.
The bad news is that the price for cheap medicaments will have the greatest increase, affecting the program of beneficial provision of medicaments and leading to new difficulties with their supplies.
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