A Cigarette Price Hike Rs 5

Jun 18, 2016byFastnews

The government has decided to impose VAT on cigarettes from July 01. As a result, the price of a cigarette is expected to go up by Rs. 5.00.

Srilanka earns an income of Rs. 80 billion annually from the sale of cigarettes. With the addition of the VAT, the expected revenue is Rs. 100 billion.

A government spokesman said, that the imposition of the tax was intended at taking further the government’s fight against drugs and alcohol.