Due to a new policy in May that levied the industrial IPI tax—Imposto sobre Produtos Industrializados, which is Portuguese for Tax on Industrialized Products—on cosmetics wholesalers and producers, the cost of cosmetics is expected to increase 20% or more, according to a Reuters report. The tax will likely stoke inflation and weigh heavily on the world's No. 3 beauty market.
Tax Spike in Brazil Weighing Heavily on Cosmetics Market
July 20, 2015
Fill out my online form.
Most Popular in Regions
- 1Demand for Hand Soap Set to Soar from COVID-19
- 2Time Spent in Front of the Mirror [infographic]
- 37 Cosmetic Trends Revealed by Brazil's Arabian Outreach
- 4Kline Offers Insights on Booming Personal Care Ingredients Market
- 5[video] Cosmetics R&D Vlog: Market Recovery and Opportunities in Brazilian Beauty
- 6Ayurvedic Beauty Care Goes Premium in India
- 7Cosmetics Bounce Back in China: New Data
- 8[video] Top 10 Trends from the Korean Beauty 'Underground'
- 9EU Circular Economy Action Plan for Sustainability
- 10Asian Men Catching South Korea’s Image Craze
- [video] Cosmetics R&D Vlog: Market Recovery and Opportunities in Brazilian Beauty
11/24/2020, Rachel Grabenhofer with Gueisa Silverio, Beautycare Brazil
- Demand for Hand Soap Set to Soar from COVID-19
5/13/2020, Michele Behrens
- Cosmetics Bounce Back in China: New Data
4/9/2020, Jeb Gleason-Allured