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Sri Lanka Cuts Tax On Sanitary Napkins

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Napkin tax cut

Napkin tax cut

The Sri lanka ongoing economic crisis in the country, Sri Lanka has cut taxes on sanitary products of women unable to afford the hygiene product, the presidential media division reported that the “government has taken measures to waive duties imposed on five imported raw materials for locally produced sanitary napkins.”

“It (the government) has also been decided to provide tax concessions for imported finished sanitary napkins as well”. A price of a  10 sanitary napkins produced will be less upto ₹ 50 to ₹ 60 with tax concessions, and the retail price of a pack will be ₹ 260-Rs 270. The peoples retail prices of imported finished products will be reduced to 18 to 19 %. The Sri Lanka is still experiencing a serious economic crisis. Ranil Wickremesinghe’s private mansion was earlier broken into and set on fire by Sri Lankan protesters in a show of displeasure over the appalling conditions. The unexpected economic situation infuriated them. The officers also attacked journalists during the events, which prompted more demonstrators to congregate.

Notably, this is the nation’s worst economic crisis since it gained independence in 1948, which follows repeated COVID-19 waves and threatens to reverse decades of development progress and seriously jeopardise the nation’s capacity to meet the Sustainable Development Goals (SDGs).

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