Finance State Minister says majority of sanitary towels domestically made, tax-free

Date:

March 12, Colombo (LNW): 92 per cent of the sanitary towels needed in the country are domestically manufactured, with no tax imposed on them, Finance State Minister Ranjith Siyambalapitiya asserted.

Speaking at an event in the Thalduwa area, Siyambalapitiya highlighted that the remaining 8 per cent of imported sanitary towels are brought into Sri Lanka by a single company as finished products, subject to a 22.5 per cent tax.

He clarified that this tax is solely aimed at safeguarding local producers.

Share post:

spot_imgspot_img

Popular

More like this
Related

Ceylon Dollar Bond Fund Shines amid Revival of Sovereign Confidence

Sri Lanka’s dollar bond market once battered by default...

Sri Lanka beer market balances tax burden with tourist-driven demand

Sri Lanka’s beer sector is navigating a delicate balance...

Expert Warns of dismantling tariffs and para-tariffs Risking  Economic Stability 

Sri Lanka must not rush into dismantling tariffs and...

Sri Lanka Tourism Booma, amidst Revenue Bust and : Mismanaged Agencies

Sri Lanka may be celebrating record-breaking tourist arrivals, but...