PRICES FOR COSMETICS IN RUSSIA MAY DOUBLE NEXT YEAR THROUGH NEW EXCISE TAX, INDUSTRY WARNS
November 1st, 2017
THE PRICES of cosmetics and perfume products in Russia may double next year, as a result of the planned introduction of an excise tax on perfume and cosmetics products that should come into force on January 1, 2018, experts warn.
A spokesman for the Russian federal government told Soap Perfumery & Cosmetics that the introduction of the tax reflects how alcohol is present within perfume and cosmetics products manufactured in Russia and will bring Russia into line with internationally-accepted practices.
The excise tax will be set at Russian Roubles RUB523 ...
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