Industry / Estonia
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VAT Hike Raises Cost Of Medicines
July 2008 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Estonian government has decided to raise VAT on medicines from 5% to 9%, despite concerns from the pharmaceutical industry that patients will be unfairly burdened with higher costs for treatment. In an effort to reduce the government's projected shortfall in fiscal revenues, the 4% hike will also be applied to the sale of books, culture events and