COLOMBO: The price of a cigarette has been increased by Rs. 5.00 with effect from today, due to the increase in Value-Added Tax (VAT).
The Ministry of Finance announced on Wednesday, June 01 that it has given directives to raise the import levy, Value-Added Tax to 12% and the surcharge tax on customs duty for a number of imported items.
Meanwhile, the prices of local and foreign-manufactured liquor too has been increased due to the VAT increase.
