- Last Update 2024-07-02 13:56:00
Proposed VAT and NBT increase suspended by Finance Ministry
The Finance Ministry has suspended implementing the proposed increase in the Value Added Tax (VAT) and Nation Building Tax (NBT) in the 2016 budget until the necessary legislation is gazetted and passed in parliament, ministry officials said on Wednesday.
Under the budget proposals, VAT was to come under two categories – manufacturing at 8 per cent and services at 8-12 per cent. NBT was to go up to 4 per cent from 2 per cent. – ENDS -
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- June 29, 2024 - 866 - 0
Israeli Tourist found safe after three-day search in Trincomalee
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
- June 28, 2024 - 314 - 0
Former MP Hirunika Premachandra sentenced to three years RI
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
- June 26, 2024 - 190 - 0
All bilateral loans postponed until 2028; President
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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