Nov 09, 2017

New tax structure for alcohol

The tax structure on alcoholic beverages is to be amended according to the percentage of alcohol included.

Finance Minister Mangala Samaraweera made this announcement during his budget speech today (09).

The move intends to minimise the consumption of beverages with a high alcoholic content.

He also added that the Nation Building Tax (NBT) will be levied on liquor from April 1, 2018.