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

Rs. 800 Million Sustainable Agriculture Plan Faces Storm-Test

The government has approved a new concessional loan scheme...

Weighing Costs and Risks: Sri Lanka’s Emergency IMF Loan Under Scrutiny

 Sri Lanka’s emergency request for $200 million from the...

Sri Lanka’s IMF Emergency Borrowing: Expensive Shortcut or Necessary Relief?

 Sri Lanka’s decision to seek emergency financing from the...

Western Province Dominates GDP, Other Regions Show Steady Gains

Sri Lanka’s Western Province retained its position as the...