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LTTE announces tax cuts to slash prices
By Chris Kamalendran
The LTTE has launched a new wing to undertake planning and development in areas under its control and announced tax cuts on essential items. The wing known as the Planning and Development Secretariat will work out policy guidelines for development activities in the region, LTTE sources said. The organisation is seen as a body to replace the now defunct Secretariat for Immediate Humanitarian and Rehabilitation Needs (SIHRN).

LTTE political wing leader S.P. Thamilselvan presided over the inaugural meeting and was assisted by Thuyavan, Director of Planning and Development who has been appointed to head the body.

The LTTE has decided to slash taxes on fishing gear, agricultural items and equipment needed for small scale industries. Taxes are completely removed on fertilizer, insecticides, pesticides, ice, mineral water, nutrition food, medicines, medical equipment, Ata flour, cooking oil, infant food, sterilised milk, all vegetables, stationery and books.

The tax on clothing has been reduced by 5% from the previous 15%, soap and powder tax has been reduced by 2%. The 20% tax on cement has been removed and a standard tax of Rs. 50 will be charged for a 50 kg bag. The tax on sand, metal, timber and logs have been removed.
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