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Homechevron_rightKeralachevron_rightCoconut oil, pizza,...

Coconut oil, pizza, burger to be costlier

Coconut oil, pizza, burger to be costlier

Thiruvananthapuram: The price of coconut oil, pizza, burger etc. will see an increase with the imposition of tax-related measures in the state budget for 2016-17.

“A 14.5 per cent 'fat tax' on food articles such as burgers, pizzas and donuts, sandwiches and pasta sold through branded restaurants will be levied,” Isaac said.

“A 5 per cent tax each on packaged wheat products, packaged basmati rice and coconut oil, 2 per cent tax on textiles will be imposed,” he said.

The taxation proposals in the budget aim to raise Rs. 805 crores.

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