Tuesday, April 16, 2024
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Finance State Minister says majority of sanitary towels domestically made, tax-free

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.

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