Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka increases import taxes of big onions and potatoes again as local crops being harvested
Mon, Aug 25, 2014, 10:24 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 25, Colombo: Sri Lanka Ministry of Finance today announced that the special commodity levy on imported big onions and potatoes had been increased with effect from August 23.

This is the second time the import levies for the two commodities were increased within a month.

Accordingly, the import tax for potato will be increased to Rs. 25 per kilo from Rs. 15 while the import tax for big onion will be increased to Rs. 35 from Rs. 25 per kilo.

The Ministry said the import levy was increased to safeguard the local farmers. The tax increase is expected to control imports and increase the prices of local produce which is being harvested.

The tax for potatoes increased to Rs. 15 per kilo from Rs. 5 effective from August 12 and the tax for big onion increased to Rs. 25 from Rs.10 per kilo effective from August 15.

However, the potato farmers have complained that the prices for potato in the market are low and they have not gained any profits from their crops.

ColomboPage - Recent 10 Stories
Proposal to increase cigarette prices in cabinet within two weeks
-- [52 minutes ago]
Sri Lanka to eliminate rabies by 2020
-- [1 hour and 46 minutes ago]
Pakistan provincial government of Punjab to increase cooperation with Sri Lanka on education
-- [2 hours ago]
Sri Lankan government will not yield to extremism in the North - State Defense Minister
-- [2 hours ago]
Indian minister with a high-level delegation to arrive in Sri Lanka tomorrow
-- [3 hours ago]
Sri Lanka Finance Minister seeks ideas from people to prepare next year's budget meeting their expectations
-- [4 hours ago]
BOI Chief to address the biz community Sri Lanka - Italy Business Council event
Sri Lanka police arrest former minister Mahindananda Aluthgamage's son for drunk driving
Sri Lanka Fisheries Ministry rescue fish from drought stricken reservoirs
Ven Omalpe Sobitha Thera steps down as chairman of JHU to pave way for new leadership

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.