Saturday, 20 April 2024
Taxes on cigarette companies to be raised

Taxes on cigarette companies to be raised Featured

A cabinet paper will be submitted next week to raise from the present 72 per cent, to 98 pc, the taxes being levied from cigarette companies, says minister Rajitha Senaratne.

Together with president Maithripala Sirisena, he will present the cabinet paper, the minister told a function in Colombo to handover appointments of 1,034 interns to rural hospitals.

The aim is to further discourage smoking, a main contributor to non-communicable diseases, said Senaratne.

The state earns Rs. 187 billion of revenue from tobacco and alcohol taxes, but Rs. 200 billion is needed to treat those suffering from ailments due to tobacco and alcohol use, he said.

The government will take steps to completely stop the cultivation of tobacco locally by 2020 and will introduce a cigarette packet which mentions the brand only, he added.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.