Report called on consumer benefits from tax revisions | Daily News

Report called on consumer benefits from tax revisions

The committee considering the tax revision benefits.
The committee considering the tax revision benefits.

Committee on Public Finance (CPF) Chairman Anura Priyadarshana Yapa instructed the Finance Ministry officials to submit an impartial and investigative report to Parliament on the benefits that consumers gain from the sugar tax revision.

The Chairman said that although the tax on the price of imported sugar was revised to 25 cents from Rs. 50 per kilogram with the Gazette Notification No. 2197/12 by the Ministry on October 13, 2020, it did not benefit the consumers.

The Chairman instructed the Ministry officials to submit a report to the Committee on whether the revision of the tax on steel towers for construction was beneficial for the consumers. The Chairman said that the public should benefit from the Government’s tax reforms.

He was considering on January 5 several special gazette notifications that have been issued since last October at the Committee on Public Finance, the Parliament Communication Division said.

Canned seawater and freshwater fish production, revision of taxes on health test kits and the code revision of safety masks were also considered. The Chairman said that the State mechanism should make positive changes for the people to live a better life.