New tax on onions and potatoes

The government has taken steps to increase the special commodity tax on imported potatoes and Bombay onions.

This tax revision will come into effect from yesterday (26), and it was confirmed by a gazette notification issued by President Anura Kumara Dissanayake in his capacity as the Minister of Finance.

According to the newly revised taxes, the tax on one kilogram of imported potatoes has been increased from Rs. 60 to Rs. 80, and the tax on one kilogram of Bombay onions has been increased from Rs. 10 to Rs. 50.

The Ministry of Finance announced that this tax increase will be implemented for a period of the next three months.