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Sri lanka News – Sri Lanka will raised a tax on imported ethanol which was brought down to make antiseptic during the Coronavirus pandemic State Minister for Finance Ranjith Siyambalapitiya said.

The move is expected to bring 1.6 billion rupees in revenues, he said.

Import taxes on ethanol was cut on April 30, 2020 and again on June 09, 2022 to help make antiseptics spray.

A tax on toddy which was brought down to 25 rupees from 50 rupees will also be raised to the previous level since it was not passed down to consumers, he said.

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