Special commodity tax imposed on sugar increased

The special commodity tax imposed on sugar has been increased, the Finance Ministry said.

Accordingly the special commodity tax imposed on sugar has been increased by Rs. 8 per kg, the Finance Ministry said.

The decision was taken at the Cabinet Sub Committee on Cost of Living held at the Finance Ministry.

However as the world market price has come down by Rs 10 per kg, the increase on the special commodity tax will have no effect in the present market price for sugar. (Colombo Gazette)

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