CLAWBACK
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Government Changes Again Clawback Tax Formula - Sources
The Romanian Government on Tuesday decided to change the formula used to compute the clawback tax imposed on drug producers, by implementing a system to consider producers’ market share and...
Drug Market Up By A Staggering 14%, Approaches RON10B
Drug sales leaped significantly in the third quarter of the year, rising by nearly 14% in value against the similar period of 2010, to 2.74 billion lei (EUR643 million), according to data fr...
E&Y: Romania's New Clawback Mechanism Breaches Taxation Principles
The current clawback mechanism applied by Romania to pharmaceutical companies seems to apply inclusively for the value added tax collected on medicine sales, which breaches the taxation prin...
AmCham Blasts Clawback Mechanism For Lack Of Predictability
The clawback mechanism currently implemented by Romania inhibits the development of pharmaceutical companies, according to representatives of the American Chamber of Commerce in Romania, or...
Drug Makers Blast Romania's “Unsustainable” Clawback Tax
Romania’s pharmaceutical industry could lose 842 million lei (EUR195 million), which means a 30% shrinking of the market, following the implementation of the new clawback tax, according to a...
Health Ministry Unveils New Clawback System, In Effect As Of October
Romania's Government on Wednesday approved the ordinance on the clawback system, which requires drug producers to pay a quarterly tax according to drug consumption.
Health Minister: New Tax System To Improve Healthcare Finances
Romania’s new Health Minister Ladislau Ritli on Tuesday presented the Health Ministry’s priorities in 2011 and said the implementation of the clawback and payback systems is meant to increas...
Boc: Government Will Adopt Clawback Tax, Allot RON150M For Healthcare Next Week
Romanian Prime Minister Emil Boc on Wednesday asked the new Health Minister, Ladislau Ritli, to present a bill on the clawback tax next week and complete the C2 list of generic drugs, after...
Romania Expects Extra RON318M For Medicine Budget, From Changes To Tax Clawback
Romania's Health Ministry expects an extra 318 million lei (EUR74 million) for its medicine budget, by changing the tax clawback charged to suppliers of drugs included in the national health...