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December 7, 2021
BUSINESS

Claw-back tax payment deadline for medicine distributors extended

Government, thru an emergency ordinance passed at Wednesday’s session, extended into Oct 20 the deadline by which medicine distributors shall pay the claw-back tax Government spokesman Andrei Zaharescu said that medicine distributors residing in Romania shall declare and pay the claw-back tax, yet, in order for that to happen, “verifications need to be made of non-resident holders of medicine marketing authorizations,” which leads to the deadline being extended.  One month ago, Government green-lighted a new claw-back tax calculation formula, which was cut down by nearly 10% would come into effect from Oct 1. The Generic Medicine Manufacturers Association however rejected a new claw-back tax, saying that government ignores manufacturers’ proposals. Until then, according to Nicu Musat, general director MSL Logistic Services, “through the direct distribution system of medicines from manufacturers or direct importers to pharmacies, the price of medicines could go down by up to 0 pc and the supply system could be much improved in the sense of syncopes being reduced being in making some medicines available in open circuit pharmacies.”. According to the MSL Logistic Services press release, the direct distribution system favors medicine manufacturers, too, as it allows them to preserve a larger portion of the income affected by the “claw-back tax.”

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