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15% VAT on cigarettes increase price by Rs5 in Sri Lanka

byCT Report
05/10/2016
in Uncategorized
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COLOMBO: The prices of all brands of cigarettes have been increased by Rs 7 with effect from midnight yesterday, Finance Minister Ravi Karunanayake stated.

The increase comes after Cabinet earlier approved a proposal to impose 15% VAT on cigarettes as well as to a further increase on the production tax on cigarettes by Rs 5.

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