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Monday, 27 September 2010

Sri Lanka's state revenue from tobacco gone up

Sri Lanka Ministry of Finance has announced an increase of income from tobacco levy this year
.In the first five months of this year, the state revenue from tobacco tax was Rs. 15.663 million. It is an increase of 17% compared to the same period last year.
Sri Lanka has thoroughly restricted publicity of tobacco products. TV channels screen any scene that displays smoking.

The government attributes the increase of revenue to the increase of tax collection from the previously rebel-held areas. Sales have increased in these areas. Previously, only the rebels collected taxes from these areas.

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