Sri Lanka lifts taxes on masks, disinfectants in COVID-19 battle
ECONOMYNEXT – Sri Lanka is removing taxes on imported masks and disinfectants to as demand increases due amid a Coronavirus epidemic, the finance ministry said.
“Import and other duties on masks and disinfectants are being removed with effect from midnight March 18 on the instructions of Prime Minister and Finance Minister Mahinda Rajapaksa,” a finance ministry statement said.
Masks and disinfectant would come under the special commodity levy act. Under the special commodity a single unified tax could be levied instead of a combination of import duty, value added tax and port and airport levy.
Sri Lanka’s National Medicinal Drugs Authority slapped price controls on masks, at a higher price than before the crisis. (Colombo/Mar18/2020)