Sri Lanka raises cigarette tax
ECONOMYNEXT – The Sri Lankan government has decided to increase the tax on cigarettes by Rs7 each to raise revenue, finance minister Ravi Karunanayake said.
The government expect Rs 22 billion in revenue from cigarette taxes for the whole year, he told a news conference.
The government is also considering raising the tax on beedi, he added.
(COLOMBO, Oct 04, 2016)