Finance State Minister Ranjith Siyambalapitiya has highlighted that 92% of the sanitary towels required in Sri Lanka are domestically manufactured, with no tax imposed on them.
Speaking at a program in the Thalduwa area, the Minister emphasized that this significant portion of locally produced sanitary towels plays a crucial role in meeting the country's demand.
Addressing the issue of imported sanitary towels, Minister Siyambalapitiya revealed that a single company imports the remaining 8% of sanitary products as manufactured goods. However, he noted that these imports are subject to a 22.5% tax, aimed at protecting the interests of local producers and fostering domestic production.
The Minister's remarks underscore the government's efforts to support local industries while balancing the need for imported goods. The tax levied on imported sanitary towels reflects a strategic measure to promote self-sufficiency in sanitary product manufacturing and safeguard the interests of local producers in Sri Lanka's market.
