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Wednesday, May 31, 2023
Home Functional Fashion Sri Lanka cuts tax on raw materials for sanitary napkins

Sri Lanka cuts tax on raw materials for sanitary napkins

Recently, the Sri Lankan government took the initiative to waive off duties imposed on five imported raw materials for sanitary napkins produced in the country to make hygiene products more affordable for women and school girls.

sanitary pads BG
Figure: The Sri Lankan government took the initiative to waive off duties imposed on five imported raw materials for sanitary napkins.

According to the Presidential Media Division, tax concessions were announced for imported finished sanitary napkins as well.

The price of a pack of 10 indigenously-produced sanitary napkins will be reduced by Rs. 50-60 with these concessions, and the maximum retail price of a pack will be Rs. 260-270, also the retail prices of imported finished products will be reduced by 18-19 percent.

Besides that, customs duty of 15 percent, and port and airport development levy (PAL) of 10 percent have been waived off on the import of intermediate goods and five raw materials.

According to Sri Lankan media reports, the value-added tax (VAT) on indigenously-manufactured sanitary napkins is nil. Importers of finished sanitary napkins also get the benefit of zero VAT.

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