The Ministry of Finance has issued a clarification stating that reports of increased taxes on several imported goods, are inaccurate.
The clarification comes after it was reported that taxes on certain imported goods were increased effective from October 14 to December 31, 2024.
The Finance Ministry said that the previous gazette on the special commodity levy expired on October 13, prompting a renewal of the gazette on October 14, 2024.
Accordingly, The Ministry reaffirmed that the concessionary tax on imported lentils, set at 25 cents, remains unchanged, along with the rates for the other four products.
This extension is designed to support local industries, such as fishing and fruit cultivation, while also considering foreign exchange concerns. (NewsWire)
