Govt increases tax on all types of liquor

The government has implemented a duty increase on all types of liquor, effective from midnight on January 10, as announced by the Ministry of Finance.

Media reports indicate that liquor prices are expected to rise by 5% to 6% following the tax hike.

The updated liquor prices have not yet been officially announced.

The tax revision is outlined in Gazette Notification G.N 2418-43 dated 10th of January 2025.

Consumers and liquor retailers are awaiting clarification on the exact price adjustments.

The increase aims to boost government revenue but may impact consumption and sales in the coming weeks.

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