Sri Lanka experts Government Department Sri Lanka

Tax Formula to determine cigarette price – NATA

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COLOMBO (News 1st); Sri Lanka’s National Authority on Tobacco & Alcohol (NATA) is hoping to introduce a tax formula to determine the price of a cigarette in Sri Lanka.Dr.

Samadhi Rajapaksa, the Chairman of NATA said on Thursday (30) that if the tax formula is implemented the state revenue will increase rapidly, with a 6% increase per annum.He also noted that the tax formula will also make it difficult to purchase cigarettes as well.“When that happens, Sri Lanka will be able to reduce the number of people who smoke,” he told a briefing at the Department of Government Information.He said the respective tax formula will be presented to the Cabinet and the formula consists of 6 separate components, namely, the Cigarette Tax Percentage, Proposed.

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