No increase in import taxes on food items - Finance Ministry

The Ministry of Finance and Media announced that there is no truth in the news item published in certain media that the gazette notification issued by the Minister of Finance and Mass Media Mangala Samaraweera on January 18, 2018 raised the taxes on essential food items.

The Ministry said that the relevant gazette notification only extends the period of implementation of the special commodity Levy imposed on certain types of spices including Maldives fish, dried chilies and some spices.

The Ministry explained that as per legal provisions of the Special Commodity Levy Act No 48 of 2007, such taxes should be imposed on a particular item by specifying the period for which the tax is payable in a gazette notification.

The gazette notification No. 2054/40 dated 18th January has instructed to continue same tax rates imposed by the gazette notification No 2028/44 dated July 19, 2017.

Accordingly, the relevant gazette will not increase the tax on goods and the people will be able to purchase the items at the prevailing price for the next six months.