Lanka Business Online

No tax changes for liquor and tobacco: Budget 2015

Oct 24, 2014 (LBO) – Sri Lanka President said that there will be no changes in the tax for liquor and tobacco due to the tax hike the government maid recently. President was presenting the budget for 2015 at the parliament. He said the government is expecting a 14,000 million rupees of additional income in 2015 though the tax increase.

However he said 100 US dollar tax to be charged as entrance fee in casinos and clubs and to increase the turnover tax to 10 percent in order to achieve a revenue of 2500 million rupees in 2015.

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