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Sri Lanka raises taxes on alcohol and cigarettes, boosting prices to increase government revenue.
Sri Lanka has raised excise duties on alcohol and cigarettes, increasing liquor prices by about 6% and adding Rs.
5 and Rs.
10 per stick to cigarette prices in four categories, effective January 11, 2025.
The hikes aim to boost government revenue but have reportedly spurred growth in illicit alcohol production.
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Sri Lanka aumenta los impuestos sobre el alcohol y los cigarrillos, aumentando los precios para aumentar los ingresos del Gobierno.