Sri Lanka cuts import taxes on rice, maize wheat fish amid droughtStaff Writer | August 2, 2017
Sri Lanka has cut import taxes on maize, rice, flour, and fish, to bring down prices amid a drought, and also cut import taxes on wheat grain, the finance ministry said.
Asia 5 rupee tax on rice
A remaining 5 rupee tax on rice has been cut to 25 cents and it would remain in place until December 31. Sri Lanka's domestic rice prices have risen after harvests halved amid a drought.
A tax (special commodity levy) on imported wet fish has been cut by 50 rupees to 25 rupees for three months on the request of a fisheries ministry.
Maize, which is a key ingredient of chicken feed will be charged a new 10 rupee special commodity levy replacing a 15 percent import duty, 15 percent value added tax, 7.5 port and airport levy, 2 percent nation building tax and a 35 percent cess.
The various taxes totalled about 60 to 70 rupees per kilo of imported maize. ■