Kerala imposes 14.5% tax on junk food
The Dollar Business Bureau The Kerala government on Friday imposed a 14.5% 'fat tax' on burgers, pastas, pizzas, and other junk food products served in branded restaurants. Food items, such as burgers, doughnuts, pasta, pizzas, sandwiches and tacos, sold in branded restaurants would fall under this tax category. Kerala’s fast-food chains including Domino’s, KFC, McDonald’s, Pizza Hut and Subway are expected to be hit the hardest. With the implementation of new tax arrangements, the state government looks to meet its earlier set target of 25% and fetch Rs.61,895.62 crore revenue during the ongoing financial year. Kerala’s tax revenue growth was about 17% to Rs.53,003.42 crore during the previous financial year. The announcement was made by Thomas Isaac, State Finance Minister of Kerala’s newly-elected ...
