3 Bn. Income from booze and cigarette hike

Saturday, 31 March 2012 12:07

The Ministry of Finance and Planning said today that the estimated revenue from the increase of tax on alcohol and cigarettes would be close to 3 Billion rupees.The Ministry announced today that the price of all brands of cigarettes will be increasedby Rs 1 forthwith. The Tax on imported beer was increased by Rs. 50 per Liter with the excise duty on local beer was increased by Rs. 5. Excise duty on hard liquor by Rs. 60 with immediate effect the Ministry said. ( H.F)

Comments

-2+62 # j 2012-03-31 12:38

If legislate Village Product (Kasippu) Government can earn more money.

-0+4 # DN 2012-04-01 10:30

No possible as the Govt has to keep some provision for pleased the local politicians & supporters, etc...

-5+36 # East 2012-03-31 13:22

Due to economic crunch if the consumption goes down, then the estimated 3 billion is down the drain....

-0+13 # Channa 2012-03-31 18:41

Less consumption. Less illnesses. Less health expenditure.

-0+5 # Sura Sond Purawesiya 2012-04-01 20:31

Absolutely correct. Then the Government will increase taxes for some other products.

-4+25 # kapa 2012-03-31 13:24

I think that to carry out the finanace miniters and secratory's job must be pretty easy. whats the use in increasing revenues by applying heavy tax, They want to promote the country as a tourist spot, yet increase alcohol price. I CAN DO THIS JOB EASILY. INCREASE TAX RATHER THAN IMPROVING EXPORT REVENUES BY ENCOURAING LOCAL MANUFACTURES.

-2+19 # joker 2012-03-31 13:39

woooohooooooooo oooooooooo!!!!! !!!!!!!!!!!!!!!
up up and away

-3+15 # kaputakukula 2012-03-31 13:42

Are we to be proud of this statistics or to be Ashamed of this? I don't know? How about you?

-1+1 # Nodrog 2012-03-31 14:42

Costs to get high just went higher!

-1+3 # Godaya 2012-03-31 16:25

Ayyo. our country is so bankrupt. Dear government politicians. Please stop your rampant corruption activities and
wasting of poor tax payers money. Treasury is scraping the barrel. Shame

-0+0 # Fusion 2012-03-31 18:00

Mathata Thitha

-1+2 # NayanthaCruz 2012-03-31 19:17

Gov. should have let the people enjoy the holidays!

-0+1 # Local 2012-03-31 23:08

Very soon they will legalize Ganja and Kasippu, then impose taxes on them too, in order to increase revenue.

-0+1 # BAR 2012-03-31 23:09

Why talk about Development. Have All Sorts of Liquor and Cigret every place. And increase the Taxes every week. Do you think it is a suggestion. No way..

Shamed of this article. Ban Cigrett and Liquor...

A victim of Smoke

-5+1 # Nuzath Anver 2012-04-01 06:29

There should be more of an increase than this. Let's raise it to 1000% on Cigarets, and booze.And ban it later on. This is promote healthy life style. It will also reduce spending on health care.

-0+3 # Calistus Jayatilleke 2012-04-01 08:05

These expectations of income are based on current consumption rates. What happens if consumption is reduced due to escalating cost of living and people start to live on Rs 2500.- a month as per Bandula's Soothray.

-0+3 # meranchi 2012-04-01 09:32

jungle production will increase according to demand....i

-0+0 # saif 2012-04-01 10:09

this is not the income that we want mr ministers , you all paid huge not for this

-0+4 # citizen1 2012-04-01 11:30

Question is (the billion dollar one), Where will that money end up??

-0+3 # Sura Sond Purawesiya 2012-04-01 20:35

Now, I don't think that so called Rs. 7,500 per family per month formula is valid any more....!!!!

-0+1 # samudra 2012-04-02 09:21

The government has an ambitious target of achieving 3bn revenue from this increase. But experts belief is that this can go upto 6 Billion since all other taxes and prices have gone up, and thereby leadin to "bonda ona prashnkayak", it is estimated that the demand for liqour will go up no matter the increase in price.

-0+0 # PAS 2012-04-03 12:18

These call local sanctions against the middle class of the country.

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