President Sirisena Had Instructed The Finance Minister To Increase The Decreased Import Tax On Low Alcohol Beer

President Maithripala Sirisena has today (25) instructed Finance Minister Ravi Karunanayake to increase the import  tax imposed on Beer with less than 5% Alcohol Content which has been decreased through the 2016-Annual Budget .

Finance Minister had suggested to decrease the import tax on Beer with less than 5% Alcohol Content from Rs.190 to Rs.160 through the Annual Budget presented to the Parliament on last Friday(20).

However President has instructed Finance Minister to increase the import tax on low alcohol beer as through decreasing the tax will be a promotion act for it.