October 19, Colombo (LNW): The Ministry of Finance has clarified that recent reports about increased taxes on several imported goods are inaccurate. This clarification follows rumors that taxes on certain imported items were raised, effective from October 14 to December 31, 2024.
According to the Ministry, the confusion arose after the previous gazette on the special commodity levy expired on October 13, prompting a routine renewal of the gazette on October 14, 2024. The Ministry confirmed that the concessionary tax on imported lentils, which remains at 25 cents, has not been altered, along with tax rates for four other products.
This extension aims to support local industries, such as fishing and fruit cultivation, while also addressing foreign exchange concerns.
