3 Bn. Income from booze and cigarette hike

2012-03-31 06:37:33

The Ministry of Finance and Planning said today that the estimated revenue from the increase of tax on alcohol and cigarettes would be close to 3 Billion rupees.The Ministry announced today that the price of all brands of cigarettes will be increasedby Rs 1 forthwith. The Tax on imported beer was increased by Rs. 50 per Liter with the excise duty on local beer was increased by Rs. 5. Excise duty on hard liquor by Rs. 60 with immediate effect the Ministry said. ( H.F)

  Comments - 22

  • j Saturday, 31 March 2012 07:08

    If legislate Village Product (Kasippu) Government can earn more money.

    Reply : 2       62

    DN Sunday, 1 April 2012 05:00

    No possible as the Govt has to keep some provision for pleased the local politicians & supporters, etc...

    Reply : 0       4

    East Saturday, 31 March 2012 07:52

    Due to economic crunch if the consumption goes down, then the estimated 3 billion is down the drain....

    Reply : 5       36

    Channa Saturday, 31 March 2012 13:11

    Less consumption. Less illnesses. Less health expenditure.

    Reply : 0       13

    Sura Sond Purawesiya Sunday, 1 April 2012 15:01

    Absolutely correct. Then the Government will increase taxes for some other products.

    Reply : 0       5

    kapa Saturday, 31 March 2012 07:54

    I think that to carry out the finanace miniters and secratory's job must be pretty easy. whats the use in increasing revenues by applying heavy tax, They want to promote the country as a tourist spot, yet increase alcohol price. I CAN DO THIS JOB EASILY. INCREASE TAX RATHER THAN IMPROVING EXPORT REVENUES BY ENCOURAING LOCAL MANUFACTURES.

    Reply : 4       25

    joker Saturday, 31 March 2012 08:09

    up up and away

    Reply : 2       19

    kaputakukula Saturday, 31 March 2012 08:12

    Are we to be proud of this statistics or to be Ashamed of this? I don't know? How about you?

    Reply : 3       15

    Nodrog Saturday, 31 March 2012 09:12

    Costs to get high just went higher!

    Reply : 1       1

    Godaya Saturday, 31 March 2012 10:55

    Ayyo. our country is so bankrupt. Dear government politicians. Please stop your rampant corruption activities and
    wasting of poor tax payers money. Treasury is scraping the barrel. Shame

    Reply : 1       3

    Fusion Saturday, 31 March 2012 12:30

    Mathata Thitha

    Reply : 0       0

    NayanthaCruz Saturday, 31 March 2012 13:47

    Gov. should have let the people enjoy the holidays!

    Reply : 1       2

    Local Saturday, 31 March 2012 17:38

    Very soon they will legalize Ganja and Kasippu, then impose taxes on them too, in order to increase revenue.

    Reply : 0       1

    BAR Saturday, 31 March 2012 17:39

    Why talk about Development. Have All Sorts of Liquor and Cigret every place. And increase the Taxes every week. Do you think it is a suggestion. No way..

    Shamed of this article. Ban Cigrett and Liquor...

    A victim of Smoke

    Reply : 0       1

    Nuzath Anver Sunday, 1 April 2012 00:59

    There should be more of an increase than this. Let's raise it to 1000% on Cigarets, and booze.And ban it later on. This is promote healthy life style. It will also reduce spending on health care.

    Reply : 5       1

    Calistus Jayatilleke Sunday, 1 April 2012 02:35

    These expectations of income are based on current consumption rates. What happens if consumption is reduced due to escalating cost of living and people start to live on Rs 2500.- a month as per Bandula's Soothray.

    Reply : 0       3

    meranchi Sunday, 1 April 2012 04:02

    jungle production will increase according to demand....i

    Reply : 0       3

    saif Sunday, 1 April 2012 04:39

    this is not the income that we want mr ministers , you all paid huge not for this

    Reply : 0       0

    citizen1 Sunday, 1 April 2012 06:00

    Question is (the billion dollar one), Where will that money end up??

    Reply : 0       4

    Sura Sond Purawesiya Sunday, 1 April 2012 15:05

    Now, I don't think that so called Rs. 7,500 per family per month formula is valid any more....!!!!

    Reply : 0       3

    samudra Monday, 2 April 2012 03:51

    The government has an ambitious target of achieving 3bn revenue from this increase. But experts belief is that this can go upto 6 Billion since all other taxes and prices have gone up, and thereby leadin to "bonda ona prashnkayak", it is estimated that the demand for liqour will go up no matter the increase in price.

    Reply : 0       1

    PAS Tuesday, 3 April 2012 06:48

    These call local sanctions against the middle class of the country.

    Reply : 0       0

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