Ready for wide-ranging talks on elimination of duty on special trade goods – Ranjith Siambalapitiya

Minister of State for Finance Dr. Ranjith Siyambalapitiya has said that the government has already taken steps to remove the tax on special trade items and is ready for wide-scale negotiations if any party has problems in this regard.

In his continued speech-
Although many people have been expressing various opinions about the Sugar tax fraud, no practical solutions have been presented by the parties who accuse and criticize it, and if there are any such practical solutions, they should be presented.

The minister pointed out that if the importer does not make the relevant deductions in connection with the reduction of duty, the importer will be able to collect unlimited amounts when he gets rid of it.

And the minister also said if the duty is immediately increased, it will increase the normal value of the stocks in the country and if the government cannot control it, the trader will get the profit.

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