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Import Tax on several items increased

The government has announced an increase in taxes on certain imported goods, effective from October 14 to December 31, 2024. According to state media reports the decision, directed by President Anura Kumara Dissanayake, who also serves as the Minister of Finance, aims to adjust the tax structure on key imports.

Under the new regulations, a special merchandise tax of 25 cents per kilogram will be applied to whole and flaked Mysore lentils, as well as yellow lentils. Additionally, a special commodity levy of Rs. 302 per kilogram has been introduced on maldive fish and its substitutes.

For fresh or frozen fish, excluding de-boned fish and other processed fish, a tax of 10% or Rs. 400 per kilogram, whichever is higher, will be imposed. (NewsWire)

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