Sri Lanka lowers the VAT on feminine hygiene products.

Sri Lanka lowers the VAT on feminine hygiene products.

 Women experience period poverty.

According to a survey, 50% of Sri Lanka's 5.3 million reproductive-age women experience period poverty. Campaigners feel that because Sri Lanka is experiencing significant shortages of vital supplies, the situation has gotten worse. Due to a decrease in import tariffs, imported pads and tampons will also be 20% less expensive.

COLOMBO.

 In an effort to assist women and girls who couldn't buy sanitary goods due to the nation's economic difficulties, Sri Lanka's government reduced tariffs on them on Sunday. Many schoolgirls and women in Sri Lanka, as in other developing nations, would stay at home during their periods because they couldn't afford sanitary items even before the slump last year. According to a research conducted this year by the policy advocacy organization Advocata, over 50% of Sri Lanka's 5.3 million women of reproductive age live in "period poverty," meaning they cannot afford sanitary goods.

Result of chronic shortages.

Campaigners contend that the situation has gotten worse as a result of chronic shortages of basic necessities and high inflation rates in Sri Lanka.The office of President Ranil Wickremesinghe said on Sunday that imports of raw materials used to create feminine hygiene products were exempted immediately from customs tariffs, airport fees, and other municipal taxes.

Make hygiene items more accessible.

According to the announcement, the tax reduction aimed to "make hygiene items more accessible in view of ensuring cleanliness among women and school girls. "The resignation of president Gotabaya Rajapaksa in July was the result of months of demonstrations over economic hardship.

2.5% turnover tax on all products and services.

The nation fell behind on its $51 billion foreign debt in April, and now it is negotiating a $2.9 billion rescue with the International Monetary Fund. In an effort to increase state income, the new Wickremesinghe administration started enforcing a new 2.5% turnover tax on all products and services on Sunday. However, the government left the price of diesel, which is frequently used in public transportation, intact while only slightly lowering the price of gasoline to match worldwide levels.

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