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90% tax to be levied from tobacco companies

14 July 2016 01:54 pm - 4     - {{hitsCtrl.values.hits}}

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The Government has decided to increase the tax imposed on tobacco companies to 90 per cent and the relevant Cabinet paper will be submitted to the Cabinet when it next meets Health Minister Rajitha Senaratne said today.

He said the previous government had imposed a tax of 67% on tobacco companies but the then R. Premadasa government had imposed a 90 per cent tax on tobacco companies.

He said the revenue from tax on tobacco would be higher than that collected from the VAT and as such it would be removed shortly.

“We imposed the VAT as a temporarily measure. It will be removed soon,” he said.

The minister said he had requested the government that all the taxes imposed on health services be removed while increasing the tax imposed on tobacco companies. (Ajith Siriwardena)

 

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  Comments - 4

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • sobers Thursday, 14 July 2016 04:13 PM

    Introducing Vat for Health sector would be disastrous. Good move by the Minister.

    Sincere Thursday, 14 July 2016 04:26 PM

    Even in that way please eliminate smoking menace from this country!

    MPS Thursday, 14 July 2016 04:53 PM

    Go back to cleaning teeth!

    Sim Thursday, 14 July 2016 08:01 PM

    Not only on tobacco increase in alcohol too upto 90%


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