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German pharma industry looks on enviously as Austria lowers VAT on medicines

This article was originally published in RAJ Devices

Executive Summary

After years of blatant refusal, the Austrian government has finally succumbed to the demands of its own pharmaceutical and pharmacy sectors and decided to reduce the amount of VAT applied to medicines. Jan Oliver Huber, Secretary General of the pharmaceutical industry association, Pharmig, called the moved a further step towards the rehabilitation of the statutory health insurance funds.

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