LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Tue, 24 October 2017 00:18:08
Sri Lanka increases taxes on sugar, alcohol, cigarettes
24 Jun, 2010 14:35:39
June 24, 2010 (LBO) – Sri Lanka has increased levies on sugar imports by five rupees, while a cigarette tax would go up by one rupee and taxes on a proof litre of spirits would rise by another 50 rupees, a senior treasury official said.
Taxes on sugar imports have been increased as world prices are expected to come down in future, S R Attygalle, director general, fiscal policy at the finance ministry told our sister website www.vimasuma.com.

The 50 rupee tax hike is on a proof litre of spirits. Hence, the price increase on a retail litre of alcohol would be less than the tax increase, Attygalle said.

The Sri Lankan government is slapping new taxes on consumer goods to increase state revenue which is far too short to cover government expenditure that has lead to ballooning budget deficits.

Bookmark and Share
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment