Monday, August 29, 2016

Health Minister To Impose 15% VAT On Cigarettes

Image result for vat taxAfter the Cabinet approved the proposal to increase  tax percentage imposed on Cigarettes ,steps will be taken to imposed a 15% VAT(Value Added Tax) on cigarettes the Minister Of Health,Nutrition and Indigenous  Medicine Dr.Rajitha Senaratne has stated today(29).

The Health Minister and the President Maithripala Sirisena had jointly submitted a Cabinet Paper to the Cabinet recently on increasing Cigarette Taxes to 90% from 72%.

After receiving the approval from Finance Ministry ,Cabinet is due to approve the paper  the Minister has revealed during a function held at Hotel Kingsbury this morning.

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