Sri Lankan Government has decided to impose 10% tax on all Gold imports with immediate effect according to government sources.government has imposed 5% customs duty and 5% surcharge on Gold Imports sources revealed.
The main reasons behind this decision are recent increase in gold imports ,the increase in smuggling gold to Sri Lanka illegally and due to tax imposed by India on gold imports government sources added.recently Sri Lankan Air Port Customs arrested several people who smuggled gold in to the country .before the imposing of tax a 24c carrot gold was sold at Rs 47,000 and now it stands at rs.4000-5000 more .