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Message: <blockquote data-quote="Elv888" data-source="post: 29477034" data-attributes="member: 204627"><a href="https://www.sundaytimes.lk/231231/news/blow-after-blow-after-vat-new-excise-tax-on-fuel-other-items-543898.html" target="_blank">Blow after blow: After VAT new excise tax on fuel, other items</a>"The government is considering how to implement an International Monetary Fund stricture to adjust all excisable taxes to reflect the annual rate of inflation, as it will further push up the prices of a host of items, including petrol and diesel, on the back of the VAT revision that comes into effect tomorrow.If the IMF recommendation is to be followed and excise duties are changed to reflect the annual rate of inflation, it would require an adjustment of about 15 percent, senior Treasury officials told the Sunday Times. Excisable products include fizzy drinks and alcohol, petrol, diesel and super diesel, newspapers, journals and periodicals, certain electronic items like fridges and washing machines, water vehicles and trishaws."</blockquote>

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