- Local pharma manufacturers upset over new VAT rules
- Inputs for domestic production of medicines stranded at ports
- New tax legislation includes 15% VAT on imported raw materials
- Opposition from local manufacturing businesses and lobby groups
- Concerns raised during public consultation with Ministry of Finance officials
- Definition of medicine under controversy
- Implementation of VAT legislation deemed flawed
- Cargo of medicinal ingredients stuck at ports
- Discrepancies in VAT application for final products and ingredients
- New tax laws seen as discouraging local production and incentivizing imports
Source: thereporterethiopia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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