The Edition

Latest

Chrysalis

  20 hours

Agricultural products identified for tax exemption

Ahmed Aiham
10 January 2019, MVT 20:49
Produce at the local market during Ramazan. PHOTO: HUSSAIN WAHEED/MIHAARU
Ahmed Aiham
10 January 2019, MVT 20:49

Ministry of Fisheries and Agriculture has declared 158 agricultural supplies and equipment for tax exemption.

The recent amendment to the Import and Export Act granted agricultural ministry the power to abolish taxes from select products.

The items include chemicals, pesticides and agricultural equipment among other items.

Abolishing taxes on agricultural supplies was one of the electoral pledges made by President Ibrahim Mohamed Solih.

The government also abolished the five percent duty levied on diesel used by fishermen.

MORE ON NEWS