Committee greenlights cigarette duty cut

11 hours ago

The Parliament’s Whole House Committee has voted in favor of the government’s proposal to cut the import duty on cigarettes by half, less than two years after it doubled taxes on tobacco products. Back in 2024, President Dr. Mohamed Muizzu’s administration increased the import duty on cigarettes and beedi from MVR 3 to MVR 8 per stick, and the ad valorem