| dc.contributor.author | Econ Team | |
| dc.date.accessioned | 2023-12-18T04:13:07Z | |
| dc.date.available | 2023-12-18T04:13:07Z | |
| dc.date.issued | 2023-01-05 | |
| dc.identifier.uri | https://archive.veriteresearch.org/handle/456/6268 | |
| dc.description | This infographic was posted on the Public Finance Platform in all three languages: English, Sinhala, and Tamil. | en_US |
| dc.description.abstract | On January 1st, 2023, the government decided to raise the excise taxes on cigarettes by 20%. The increase affected various sizes of cigarettes differently, with the smallest size (no larger than 60mm) seeing a tax increase from LKR 6.75 to LKR 13.36 per cigarette, and the largest size (greater than 84mm) experiencing a tax jump from LKR 51.8 to LKR 62.16. This policy was aimed at achieving a revenue target of LKR 140 billion from cigarette excise taxes. However, projections indicate that this 20% tax hike will not suffice, leading to a shortfall of LKR 48 billion. To meet the revenue goal, a drastic 147% increase in excise taxes would be required. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Colombo: Verite Research | en_US |
| dc.relation.ispartofseries | Public Finance Infographics; | |
| dc.subject | Excise duties | en_US |
| dc.subject | Public finance - Tax revenue | en_US |
| dc.subject | Public finance - Budgeted revenue targets | en_US |
| dc.title | Will the Increase in Cigarette Taxes Meet Budgeted Revenue? | en_US |
| dc.type | Infographics | en_US |
