The prices of each category of cigarettes will be increased by Rs. 3.00, Rs. 5.00, Rs. 10.00 and Rs. 15.00 each with effect from today (Sep 01).
The cigarette price hike is in line with the increase in Value-Added Tax (VAT).
Presenting the interim budget for the remainder of the fiscal year 2022, President Ranil Wickremesinghe said VAT would be increased from 12% to 15% effective from September 01.
