President instructs authorities to ensure whether public benefit from tax concessions

Presidential Secretariat continues to receive complaints from the general public as well as reports from both print and electronic media that the tax benefits, particularly from the reduction of VAT on the sale of goods at both retail, wholesale and import points effective from 1st December 2019, has not passed on to the consumers.


Among such goods, hardware, ceramics, cement and other building materials, cosmetics and day-today household items, garments, school books and several other goods are being mentioned. Further, several retail traders have informed that wholesale distributors have not given such benefits to retail businesses and it is few wholesale distributors and manufacturers control the market disrespecting fair trade and competitive practices. Domestic manufacturers are also requested to pass tax benefits to the people in doing their business in a competitive manner.

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