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Government Raises Import Tax on Potatoes and Big Onions

Onion and Potato - BusinessNews.LK

The Ministry of Finance has announced an increase in the special import tax on potatoes and big onions. The import tax on potatoes has been raised by Rs. 10 per kilogram, bringing the total tax to Rs. 60 per kilogram. Similarly, the tax on a kilogram of imported big onions has been increased by Rs. 20, now standing at Rs. 30 per kilogram.

The decision aims to regulate imports and support local agricultural producers amidst fluctuating market conditions.

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Last modified: October 6, 2024