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Sri Lanka to charge Nation Building Tax on alcohol

ECONOMYNEXT – Sri Lanka bring change the Nation Building Tax law to include alcohol industry on top of several other taxes, according to a finance ministry proposal approved by the cabinet of ministers.

NBT will be lifted from the following items.

Accessories used for greenhouses and poly tunnels.

Coconut related products.

Gems imported for polishing and re-export.

Gliders, balloons, dirigibles, parachutes, para-gliders and other unpowered aerial sports equipment and accessories. (Colombo/Mar29/2018)

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