All Ceylon Bakery Owners Association says that the price of bread will be reduced by 5 rupees from midnight tomorrow. Accordingly, price of a 450 gram loaf of bread will be reduced by five rupees.
The All Ceylon Bakery Owners' Association said the implementation of price reduction was made possible due to the tax concessions given by the government.
Although bakery owners have been asking governments for years to exempt them from VAT, there has been no positive response from the previous governments, the Association says.
The All Ceylon Bakery Owners Association says with the new government coming to power, exempting them from VAT and NBT was a huge relief.