Liquor price increases

8 August 2018 11:14 pm - 16 - {{hitsCtrl.values.hits}}

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The prices of fast-moving locally manufactured liquor products of Distilleries Company of Sri Lanka (DCSL) have been reportedly increased between Rs. 30 to 40 from midnight yesterday.

According to retailers, the company had revised the prices following the amendment to the Nation Building Tax (NBT) on alcohol products, in addition to existing taxes.

According to Inland Revenue Department website, the NBT exemption applicable on sale of liquor by the importer himself, was removed and made liable with effect from April 01, 2018.

Also, the exemption applicable to the imports of liquor and the turnover from the business of manufacture of liquor was removed and made liable to NBT.

The implementation of changes to the NBT was passed in Parliament on July 18. (TK)

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Comments - 16

Summa Wednesday, 08 August 2018 11:56 PM

Is it ironic or iconic ? Building the Nation with taxes from alcohol. No wonder we're a 'drunk' country !!

Ravi Thursday, 09 August 2018 05:36 AM

The general public must now decide once and for all what to action to take this day light robbery by the rulers.Enough is enough!

Pluto Thursday, 09 August 2018 07:31 AM

Dumriya wedawarjanayata muwawen, ne?

jayantha Thursday, 09 August 2018 08:35 AM

Good Job! for illegal liquor ,, hahaha

ANTON Thursday, 09 August 2018 08:43 AM

TWO BIRDS WITH ONE STONE ......... TAXES FROM LIQUOR AND COMMISSION FOR ILLICIT DRUG , LIQUOR AND CIGARETTES DEALERS.

Jans Thursday, 09 August 2018 09:13 AM

Government totally Bankrupt Now selling Important valuable national Assests on commissions to please China India Now squeezing poor people's pocket by increasing Cigarettes Liquor petrol many untold hardships we ate undergoing todsy

Saman Thursday, 09 August 2018 09:16 AM

Well.. the last line of defense of the government is also gone now..lol.

Leo Thursday, 09 August 2018 09:23 AM

Good move if the plan is to get the consumer to drink illicit liqor.

GH Thursday, 09 August 2018 09:52 AM

NBT was meaningful when MR's regime in power, because the Nation was really BUILT. So, you can change the name of tax right now to suit the term meaningful as NNBT (Nation Never-Building Tax).

tom Thursday, 09 August 2018 09:57 AM

Oh god! Now we will have to drink Kassipu only!

Lord Wolfstein Thursday, 09 August 2018 09:58 AM

The government should greatly increase taxes on imported liqueurs, which would only affect the rich. The tax on locally produced liqueur should be lowered considerably.

John Friday, 10 August 2018 10:44 AM

The tax is already very, very high. ow much higher would you make it, 1000%?

john frazer Thursday, 09 August 2018 11:19 AM

its not enough . They should be increased by at least Rs 100.00 onwards

K Perera Thursday, 09 August 2018 08:42 PM

Go ahead! hold an election as soon as possible.

Cobra Friday, 10 August 2018 06:22 PM

Ans see our tax money at work!!!!!

Madahath Friday, 10 August 2018 09:54 AM

The price hiking trend is so bad because of two major reasons. One is people may go for illicit liquor which gives long term health hazards. Second one is very serious, people specially youth may choose other narcotics which gives health and social hazards too. Alcohol is comparatively safer than others. I have seen in the countries where alcohol is banned, almost all young crowd is addicted to drugs.

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Liquor price increases

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