Tax on imported sugar, potatoes increased

sugarThe tax on imported sugar and potatoes has been increased with effect from today, the Finance Ministry said.

Accordingly the commodity levy on imported sugar has been increased by Rs. 12 per kilogram and and the levy on imported  potatoes has been increased by Rs. 10 per kilogram.

The Finance Ministry said that the move to increase the levy on potatoes was in order to assist the local market.

The Finance Ministry also said that the increase on the tax on sugar will not result in the price of sugar in the market increasing. (Colombo Gazette)