Govt. increases tax on several key imported food items

The Government yesterday announced an increase in taxes on certain imported goods, effective from 14 October to 31 December 2024. 

This move comes under the directive of President Anura Kumara Dissanayake, who also serves as the Finance Minister.

Under the new regulations, a special merchandise tax will apply to several key imports. Whole and flaked Mysore lentils, as well as yellow lentils, will now incur a tax of 25 cents per kilogram. 

Additionally, a special commodity levy of Rs. 302 per kilogram has been imposed on maldive fish and its substitutes.

Fresh or frozen fish, excluding de-boned fish and other processed fish, will subject to a tax of 10% or Rs. 400 per kilogram, whichever is higher.