Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Cosmetics manufacturers want to discuss tax increases with the Federal government

Since the Minister of Finance, Joaquim Levy, announced, on January 19, the increase in the tax burden for the beauty sector, the Brazilian Association of Toiletries, Perfumes and Cosmetics (ABIHPEC) has been seeking the dialogue with the federal government.

João Carlos Basilio, President of ABIHPEC

João Carlos Basilio, President of ABIHPEC

"We continue to expect that the Government will receive us to discuss the subject in order to explain the negative implications for the sector and the whole society should the measures be maintained," said João Carlos Basilio, President of ABIHPEC.

The Minister of Finance announced that the tax on industrialized products (IPI) applicable to cosmetics would now be charged on the retail sector, as it is already the case in the industrial sector.

The Brazilian government also announced that the Social Integration Program (PIS) tax and the Contribution to Social Security Financing (COFINS) applicable to imported products would be increased from 9.25% to 11.75%.

© 2015 - Brazil Beauty News -

latest news
Thermolat: Symrise's new warming ingredient

Thermolat: Symrise’s new warming ingredient

Symrise’s new sensory ingredient creates a feeling like gentle warm sunshine on the skin. Thermolat was developed for use in creams, gels and balms to provide pleasant, relaxing and long-lasting effects without feelings of stinging or burning. According to the cosmetic ingredients supplier, 71% of consumers would like to feel an (...)

read more
Experts’ views
Global beauty trends 2018

Global beauty trends 2018

Mintel has announced four trends set to impact the global beauty and personal care market over the coming year. In 2018: Biotechnology, together with a resurgence of local wisdom, will help brands face up to the challenges created by environmental issues. As consumers across the world are creating their own definitions of (...)

read more