Srilanka, Aug. 19 -- The Sri Lanka Book Publishers' Association has warned that taxes imposed on printed books are placing growing pressure on the publishing industry, with an estimated 50% to 60% of authors turning to other occupations over the past three years.



The association also claims that around 40% of publishing companies have exited the industry during the same period.



According to the association, the introduction of VAT and other taxes on printed books in January 2023 has contributed to a sharp increase in book prices, resulting in declining sales.



Board Member of the Sri Lanka Book Publishers' Association Gamini Moragoda called on the government to urgently remove VAT and other taxes imposed on printed reading mat...