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.

Russian authorities put Oriflame through a tax probe

07-Aug-2014 By Simon Pitman

Oriflame has confirmed that Russian authorities have seized papers from its Russian headquarters in Moscow as part of an ongoing tax probe in the country.

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.

Brazil government hits Natura with tax fine

08-Jan-2013 By Simon Pitman

The Brazil-based cosmetics company has been given a hefty fine after the government accused it of tax avoidance, a move that has sent share prices tumbling.

Tax breaks available for cosmetic manufacturers in China

09-Sep-2009 By Katie Bird

Cosmetics manufacturers in China stand to benefit from tax breaks as the government attempts to boost the industry during the economic crisis.