- According to a recent government statement, legislation is being drafted to propose a cut the Value Added Tax (VAT) on imported health products, medical and paramedical equipment with the objective of reducing drug prices as well the prices of health products, and medical and paramedical supplies.
According to a recent government statement, legislation is being drafted to propose a cut in the Value Added Tax (VAT) on imported health products, medical and paramedical equipment with the objective of reducing drug prices as well the prices of health products, and medical and paramedical supplies. The final decision is expected to be part of the draft finance bill of 2023 as per reports.
A large team of experts are working under the guidance of Morocco’s Minister of Health and Social Protection Khalid Ait Taleb and Delegate Minister in charge of the Budget Fouzi Lekjaa in drafting the document.
To counter the shortage due to the global supply chain disruptions the Ministry of Health and Social Protection had earlier announced a number of steps to beef up the national stock of drugs and health products.
Earlier in September, Morocco’s health ministry also cut down the prices of 70 different drugs, including for anti-cancer treatment drugs, antipsychotics, and diabetes drugs.
Also read;
https://trendsnafrica.com/morocco-refuses-imf-proposal-on-flexible-currency-exchange-rate/
https://trendsnafrica.com/moroccos-economic-growth-may-shrink-to-0-8-imf/
