MR halves Toddy Tax
BY Paneetha Ameresekere
Premier Mahinda Rajapaksa in his capacity as Finance Minister has halved the toddy tax from Rs 50 to Rs 25 a litre with effect from 7 January.
Rajapaksa further said that this tax, known as duty on toddy, will however not be levied or recovered on any quantity of the aforesaid bottled toddy which is exported.
The Premier further said that this reduced charge will be levied on bottled toddy manufactured in and issued from any licensed manufactory established in Sri Lanka.