Tax

‘May be transformative’: UK Plastic Packaging Tax to impact beauty long-term

21-Mar-2022 By Kacey Culliney

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...

Tax relief: International cosmetics brands set for boost as China mulls over change

08-Jun-2020 By Amanda Lim

A proposal to end taxation on cosmetic products in China could provide a major boost to international cosmetic companies retailing in the country.

Aromatic Cosmetics beauty brand rapped for tax evasion

06-Apr-2016 By Lucy Whitehouse

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.

Concerns over slowing Indian economy highlighted by Unilever profit warning

02-Oct-2013 By Simon Pitman

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.

Duty-free cosmetics plan to counter Japanese tax hike

08-Aug-2013

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.

Potential green tax could impose 30 percent levy on cosmetics

28-Mar-2013 By Michelle Yeomans

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 sales up, but profits hit by tax costs

03-Nov-2011 By Simon Pitman

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.