The beauty and personal care industry must prepare for additional costs associated with the incoming UK Plastic Packaging tax but can also look forward to a wave of collaborative innovation, says the head of the UK’s Cosmetic, Toiletry and Perfumery Association...
A cosmetics company in Bangladesh has come under fire from the National Board of Revenue (NBR) for reportedly evading the payment of VAT and supplementary duty on its operations.
The slowdown in growth of the Indian economy is leading to signs that it is starting to hurt big cosmetic and personal care manufactures, highlighted by Unilever’s recent profit warning.
The Japan Tourism Agency (JTA) is planning to add cosmetics and food to duty-free items permissible to foreign travelers, according to a report by The Japan Times newspaper.
Chinese officials are said to be considering levying a consumption tax on certain consumer products that make heavy use of resources and cause pollution, with cosmetics indicated as potentially being levied anywhere up to 30 percent.
Revlon has reported a healthy growth in sales for its third quarter on the back of a particularly strong performance in the US market, but net profits are hit by a substantial tax bill.