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Sri Lanka raises car import tax by over 50%

The Sri Lankan government today raised import tax on small hybrid cars by over 50% in an effort to raise revenue for the state. 

“The government needs to find extra money for the additional expenditure incurred because of the recent salary hikes to doctors and railway employees,” the Director of Information at the Ministry of Finance, M.Ali Hassen was quoted by Reuters as saying. 

The move comes as Sri Lanka's rupee continues to fall since April this year, reaching an all time low of 160.17 per dollar in June. 

Read more here and here