Row as sales tax imposed on chemists

29th September 2004, Comments 0 comments

29 September 2004, MADRID - Spain's health ministry on Wednesday announced a sales tax on the pharmaceutical industry worth two percent of sales will come into force on January.

29 September 2004

MADRID - Spain's health ministry on Wednesday announced a sales tax on the pharmaceutical industry worth two percent of sales will come into force on January.

The news, revealed by a ministry spokesman, sparked anger among the sector's Farmaindustria board of employers, who said they "wholly rejected" the idea as "unilateral and highly interventionist."

The tax features in a draft budget currently before Spanish MPs.

The ministry spokesman said the move would bring receipts of  EUR 200 million (USD 246 million).

Currently the sector voluntarily earmarks EUR 100 million for research but under the new system the same sum would go to the Carlos III national research institute, an offshoot of the health ministry with regional health authorities sharing the remainder.

"The objective is to guarantee that Spaniards receive the same level of health care regardless of the region in which they live," the health ministry spokesman said.

[Copyright EFE with Expatica]

Subject: Spanish news

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