Due To Poor Cigarette Tax Policy Sri Lanka Has Lost Nearly Rs.100 Billion Income During last FIve Years

Due to the lapses of  Tax system imposed on Cigarettes  by the  Ministry of Finance Sri Lanka has lost nearly Rs.100 billion worth income during last five year period  accordance to The executive director of the Alcohol and Drug information center (ADIC) PubUdu Sumanasekara .

The huge amount of income loss faced  by the government  due to the small percentage of tax imposed on Cigarettes and as the percentage is not affected to cigarette smokers much the Tobacco company has also increased the price of Cigarettes from a certain percentage and selling it to smokers so the income of the company can be increased He has stressed .

Addressing a Media Seminar held yesterday (29)at Sri Lanka Medical Association auditorium in Colombo on World No Tobacco day  falls tomorrow (31) The executive director of ADIC has stressed that if the Sri Lankan government recieves the large amount of income which has lost during last five years through that can make projects like moragahakanda ,Southern Expressway and Katunayaka Expressway Pubidu Sumanasekara  has further stated .