Stealth Reduction of Cigarette Tax Rates
Abstract
The tax-in-price for cigarettes in Sri Lanka has reduced dramatically since 2020, falling below both the international benchmark of 75% and past norms in Sri Lanka. It fell to 68.8% for the most sold brand (MSB) and 69.9% for the lowest priced brand (LPB). LKR 9.4 billion in tax revenue was lost in 2024 on the MSB alone and transferred instead as profit to the producer.
Note
Description
5p. This article was published in the Daily Mirror on January 27, 2025, also on the VR website and the Public Finance Platform and can be accessed from the links provided below.
Related Source
https://www.veriteresearch.org/wp-content/uploads/2025/02/27012025_Stealth_Reduction_Of_Cigarette_Tax_Rates.pdfhttps://www.dailymirror.lk/breaking-news/Stealth-reduction-of-cigarette-tax-rates/108-300975
https://publicfinance.lk/en/report/stealth-reduction-of-cigarette-tax-rates
Citation
Stealth reduction of cigarette tax rates. Daily Mirror, 27 January 2025
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