Published on Ceylon Today
Sri Lanka currently loses an estimated Rs. 20 billion in revenue due to the sub-optimal nature of the country’s tobacco tax policy, says Verite Research.
During a webinar it has organized, the research institute and think-tank highlighted a revised tax system that will help maximize government revenue.
It also came to light that the current cigarette tax system implemented does little to discourage cigarette affordability among the public.
Participants in the webinar emphasized an effective tax methodology that will help overcome this.
Watch the full webinar to learn more: