Nov 10, 2017

New price formula for liquor unveiled

The new tax structure for liquor under the Budget-2018 proposed by Minister Mangala Samaraweera has been revealed by the Finance ministry.

Unlike in the past, the newly introduced taxation will be based on absolute alcohol strength basis.

The ministry of Finance has also unveiled the Excise Notification No. 1000 which was come to effect from today (10).

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