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Kyrgyzstan Health Ministry Backs VAT on Medicines to Boost Economy and Healthcare Sector

  • Health Ministry of Kyrgyzstan supports introduction of VAT on medicines
  • Health Minister Alymkadyr Beishenaliev stated that all countries have VAT on medicines
  • Alymkadyr Beishenaliev believes that the introduction of VAT will benefit the economy and increase salaries of health workers
  • Executive director of the Pharmaceutical Union of Kyrgyzstan warned that smuggling of medicines could increase by up to 60 percent if VAT is imposed
  • Price of medicines could also increase with the introduction of VAT

Source: 24.kg

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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