Sri Lanka cuts taxes on milk powder
independentlk at 12h01
25
Jan
2011
Sri Lanka cuts taxes on milk powder
Sri Lanka has cut taxes on imported milk powder from 50 rupees a kilogram to 28 rupees as global commodity prices surged, a finance ministry official said soon after taxes on petrol were cut to maintain prices.
S R Attygalle a senior Treasury official said Sri Lanka imported about 3,000 tonnes of milk powder and the state will lose about 500 million rupees in tax revenues a month from the move.
A day earlier, Titus Jayewardene,
Sri Lanka has cut taxes on imported milk powder from 50 rupees a kilogram to 28 rupees as global commodity prices surged, a finance ministry official said soon after taxes on petrol were cut to maintain prices.
S R Attygalle a senior Treasury official said Sri Lanka imported about 3,000 tonnes of milk powder and the state will lose about 500 million rupees in tax revenues a month from the move.
A day earlier, Titus Jayewardene,
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