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 - www.brazilbeautynews.com

latest news
Focus
Centdegrés designs Eudora's new eau de parfum: Impression

Centdegrés designs Eudora’s new eau de parfum: Impression

Impression, the latest men’s fragrance by Eudora, aims sophisticated consumers with woody and amber notes based on cistus labdanum, musk and patchouli. The Boticario Group brand has entrusted Centdegrés for the bottle design. The agency took inspiration from an hourglass symbolizing time and the importance to take advantage of (...)

read more
Experts’ views
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

Emmanuelle Bassmann
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

What is the new face of Doctor Brands? What is the strategy of leading skincare brands launched by Medical Doctors or medical-oriented? After an overview of Skinceuticals’ values and strategy let’s now focus on Dr Dennis Gross. Dr Dennis Gross skincare line formed in 2002, was inspired by the skincare concerns of patients at his NYC (...)

read more

Features