Consumers to pay high price for bakery items with tax hike on sugar

Consumers to pay high price for bakery items with tax hike on sugar

Consumers to pay high price for bakery items with tax hike on sugar

Written by Mayooran Kantharvel

12 Jun, 2017 | 9:33 am

The All Ceylon Bakery Owners Association says that the decision with regard to the prices of bakery items, in line with the increase in the tax imposed on sugar, will be taken this week.

Chairman of the Association, N.K. Jayawardena said that if the tax on sugar continues to be imposed, steps will be taken to increase the prices of bakery items following discussions.

The special commodity tax imposed on imported sugar was increased by ten rupees on June 6.

According to the Finance Ministry, the special commodity tax which was at thirteen rupees is 23 rupees at present.

The ministry noted that the tax on imported sugar was increased in this manner, to encourage local sugar manufacturers.

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