Reducing tax on Beer: Brewing company to enjoy financial benefits- GMOA

2017-12-07 10:00:43

The government’s attempt to reduce the tax on liquor through the Budget 2018 would only result in having financial benefits to the main brewing company in the country, which incurred huge losses in preceding years, the Government Medical Officers’ Association (GMOA) charged yesterday.

GMOA Secretary Dr. Haritha Aluthge told a news conference that according to the annual reports of this brewing company for 2016/17, it had incurred a loss Rs. 1.4 billion whereas it had obtained a profit of Rs. 2 billion in 2015/16.

Dr. Aluthge said that according to this brewing company, the reason behind this huge loss in 2016/17 was the floods occurred in last year.

“However, it is a well-known fact that the government had granted a huge tax relief on this brewing company in return for its loss in 2016/17. Reducing of tax on liquor will only pave the way to this brewing company to obtain more and more financial benefits,” he added.

Meanwhile, he said that the prices of beer would be reduced by 33 per cent following the tax relief on beer through the Budget 2018. He also said that it could be considered as an open invitation for all to consume beer.

He said that according to the economists it had been revealed that the consumption of beer would be increased by 22 per cent in next year due to the tax relief.

He said the GMOA would hope that the related authorities would take adequate measures to abolish these budget proposals which were contrary to the national policy of the country and which would risk the entire healthcare services as well. (Kalathma Jayawardhane)

  Comments - 10

  • J P Rajan Thursday, 7 December 2017 16:27

    GMOA Can you all pls shut the f... up and take care of the patients!!!!

    Reply : 3       35

    alex Thursday, 7 December 2017 16:30

    this brewing company for 2016/17, it had incurred a loss Rs. 1.4 billion whereas it had obtained a profit of Rs. 2 billion in 2015/16.which means the profits have nothing to do with the tax redcution

    Reply : 1       21

    suresh Thursday, 7 December 2017 16:31

    In which country does the medical association decide on govt. budgetary proposals

    Reply : 1       33

    sujata Thursday, 7 December 2017 16:33

    so your concern is that only the brewing comoany is going to make a profit and not you GMOA guys.Don't worry all these guys who drink more beer will come to you doctors for treatment and you can make even more money

    Reply : 0       29

    LRDA Thursday, 7 December 2017 17:03

    Why don't you just SHUT UP!!! Without making a noise on everything

    Reply : 0       29

    Love Sri Lanka Thursday, 7 December 2017 17:07

    Are you a Dr or a politician ?

    Reply : 0       29

    Selvyn Thursday, 7 December 2017 17:12

    Hello. We dont need your boring sermon.Your better seek repentence for killing the innocent suffering poor people

    Reply : 0       27

    Dhammika Thursday, 7 December 2017 18:46

    How about the FINANCIAL BENEFITS ( TAX FREE ) enjoyed by doctors private practice ! .

    Reply : 0       25

    Sivanesan Thursday, 7 December 2017 20:38

    If the private brewery get the benefits, what bothers ai the same time,the consumers are also benefited by paying low price.,aiso unadulterated pure stuff.

    Reply : 1       17

    Mason Friday, 8 December 2017 19:11

    GMOA wants people to consume more Kasippu so that they have more patients and more earnings. Any sensible person will welcome the price reduction proposed for Beer, as it will wean at least some from hard liquor. GMOA do not deprive the common man of a minor relaxation. Why are you worried about the profit a Beer company makes, which are at least taxed. In comparison you Doctors make millions by way of Private practice, but declare minimal to pay tax !!

    Reply : 0       1

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