Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's arrears and ensure that hospitals stock drugs efficiently, Finance Minister Florin Georgescu announced.
The changes are set down in an ordinance approved by the Government Thursday. It also states VAT will become due on invoice payment as of January 1, 2013.
Generic drug producers have repeatedly demanded a lower clawback tax, warning that hundreds of products might be pulled from the market.
