First year of high VALUE-ADDED medicines increases in 12 States

According to calculations of the research-based pharmaceutical industry association (Interfarma), the increase in the tax on circulation of Goods and services (ICMS) which focuses on all medicines marketed in Brazil generates an average readjustment at the tip end, of 1.2% in most States. Rio de Janeiro will have the tax high and will be the only State that will lift the GST in the Southeast. Today, the State cobra 19% tax rate. From March 28, will charge 20%. In most other States-among them Amapá, Amazonas, Bahia, Pernambuco and Rio Grande do Sul, the rate will be up to 18%.