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Reduce+taxes%2C+or+else+a+price+increase%3B+request+from+Milk+Powder+Companies
Saturday, 04 November 2017 - 14:56
Reduce taxes, or else a price increase; request from Milk Powder Companies
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Milk Powder companies have requested the Consumer Affairs Authority to reduce the tax imposed on a kilogram of milk powder.

They have requested to remove the 15 percent VAT imposed on milk powder and if not to grant permission to increase prices.

However, Chairman of the Consumer Affairs Authority Hasitha Thilakarathna said that the request has been forwarded to the Finance Ministry but no price increase is being considered at the moment.

Meanwhile, the Coconut Cultivation Board says that legal action will be taken against large scale coconut businessmen who are hiding stocks.

Chairman of the Board Kapila Yakandaawala said that a coconut mafia was being formed due to the decrease in crops.
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