Liquor licence fee hike may be withdrawn

26 December 2015 03:32 am - 10 - {{hitsCtrl.values.hits}}

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The budget decision to increase the licence fee on liquor production to Rs.150 million is to be withdrawn, government sources said.

Several complaints have been received from liquor producers about the financial difficulties they may have to face due to the increase of the licence fee .
After considering their plea the government is to take the decision to withdraw the increase, sources said.

Meanwhile economists have warned the government about the possibility of a collapse in many liquor production companies if the fee up to Rs.150 million was implemented.

At present there are 24 liquor producing companies in the country. (Ajanthakumara Agalakada, Mahinda Nissanka)

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Comments - 10

Premalal Saturday, 26 December 2015 09:42 AM

The budget should be withdrawn along with the Finance Minister who looks out of his depth in high level of responsibility. The next sector to fall apart, is the SME and micro industry sectors when they have to cough out Rs 60,000 tax per year as company registration.

Bippity Boppity Boo Saturday, 26 December 2015 09:55 AM

The time has come to withdraw the Finance Minister.

Muhandiram Saturday, 26 December 2015 10:25 AM

Finance Minister Proposes. All others Dispose. What a Joke this Finance Minister has become.

Premalal Saturday, 26 December 2015 12:29 PM

A budget of confusion. The tragedy is that everyone can see it but not Ravi K. This country is heading for a bigger mess.

tony Saturday, 26 December 2015 12:42 PM

Lower beer prices also ..

Jimmy Saturday, 26 December 2015 01:45 PM

As said by others Ravi is put of depth and breath. Harsha and Eran should handle the finance portfolio. The issue is the lack of professionals in Parliament even if there is its full of lawyers!

Yapa Saturday, 26 December 2015 02:46 PM

Re-establish the Budget Dept. at the Treasury under a competent person with wide powers.as was done in 1980s.His team prepares the budget to be delivered by the FM.

Yapa Saturday, 26 December 2015 02:46 PM

Re-establish the Budget Dept. at the Treasury under a competent person with wide powers.as was done in 1980s.His team prepares the budget to be delivered by the FM.

Rohan Saturday, 26 December 2015 04:57 PM

Rather than creating unbearable budgets, someone with a backbone should undertake to reform tax system in Sri Lanka.

Premalal Saturday, 26 December 2015 05:58 PM

Not only the tax system but there should be structural reforms because too much resources are gobbled by the public sector.

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Liquor licence fee hike may be withdrawn

Comments - 10

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