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Tax+increase+on+imported+milk+powder.
Friday, 04 May 2012 - 7:57
Tax increase on imported milk powder.
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The Finance Ministry has decided to impose a 15% or 92 rupee tax on a kilogram of all imported powdered milk products except infant formula.

Previously a 30% or 125 rupee tax on these products was struck off.

However, the Finance Ministry states that the plight of the dairy farmers in Sri Lanka and the excess fresh milk stocks prompted the decision to impose this tax.

Accordingly the prices of all imported milk powder products are due to be increased.

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