As participants of the meeting were informed by the ministry’s deputy secretary for financial affairs Boriss Kņigins, the ministry’s budget for 2023 included an increase for funding for the payment of compensated medicines and materials to EUR 219.34 million. Last year the funding was EUR 191.866 million.
She also said that Latvia’s neighbours have a different approach when it comes to taxing medicines. In Estonia, for example, a VAT of 9% is applied to compensated medicines. In Lithuania VAT is 5% for all medicines. Latvia is currently looking for a middle-ground to adopt.
Source: bnn-news.com
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