The Cabinet has few hours ago approved a proposal to impose a 15% Value Added Tax (VAT) on Cigarettes and to increase the Production Tax imposed on Cigarettes and other local Cigarette Products by Rs.5 the Government Information Department has announced.
Cabinet has also approved a proposal to increase the Import Ses Tax imposed on imported "Beedi" leaves by Rs.1000 per Kilo Gramme from Rs.2000 to Rs.3000.
Also approval has been given by the Cabinet members to the authorities to take alternative steps to minimize the tobacco use in the country Information Department has stated.
Cabinet has made these decisions after considering the Joint Proposal submitted by President Maithripala Sirisena and Health Minister Dr.Rajitha Senaratne to increase the Tax imposed on Cigarettes to 90% from 72%.
Cabinet has also approved a proposal to increase the Import Ses Tax imposed on imported "Beedi" leaves by Rs.1000 per Kilo Gramme from Rs.2000 to Rs.3000.
Also approval has been given by the Cabinet members to the authorities to take alternative steps to minimize the tobacco use in the country Information Department has stated.
Cabinet has made these decisions after considering the Joint Proposal submitted by President Maithripala Sirisena and Health Minister Dr.Rajitha Senaratne to increase the Tax imposed on Cigarettes to 90% from 72%.
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