Tax on fags should be increased from budget; not the price: ADIC

Tax on cigarette should be increased from the upcoming budget instead of increasing the prices of cigarette.

Alcohol and Drug Information Centre (ADIC) Executive Director Pubudu Sumanasekara said.

He told media that the government usually increases price of cigarette in every budget and that it was a wrong move.

He said Cigarette manufacturing companies earn a huge profit and take them to their countries due to the failed tax policy.

Sumanasekara said Sri Lanka lose about Rs. 40 billion annually as the country has failed to introduce a proper tax policy and collect taxes.