- Last Update 2025-05-14 19:07:00
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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- May 9, 2025 - 186 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 158 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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