- Last Update 2024-07-06 10:40:00
Govt ready for talks on elimination of duty on special trade goods; Siyambalapitiya
Minister of State for Finance Dr. Ranjith Siyambalapitiya has said that the government has already taken steps to remove the tax on special trade items and is ready for wide-scale negotiations if any party has problems in this regard.
In his continued speech - Although many people have been expressing various opinions about the Sugar tax fraud, no practical solutions have been presented by the parties who accuse and criticize it, and if there are any such practical solutions, they should be presented.
The minister pointed out that if the importer does not make the relevant deductions in connection with the reduction of duty, the importer will be able to collect unlimited amounts when he gets rid of it.
And the minister also said if the duty is immediately increased, it will increase the normal value of the stocks in the country and if the government cannot control it, the trader will get the profit.
-
Still No Comments Posted.
- June 29, 2024 - 934 - 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 - 339 - 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.
- July 3, 2024 - 212 - 0
IRD & Excise Dept Unions call off trade union action after State Minister’s intervention
- June 26, 2024 - 197 - 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.
Related Articles
Disregard tax payment requests if income is less: State Minister
- 05/07/2024 - 101 - 0
FDs & insurance policies of Keheliya’s family frozen for three months
- 05/07/2024 - 63 - 0
Plantation sector wage increase put on hold by Courts
- 04/07/2024 - 67 - 0
Customs officers call off trade union action
- 04/07/2024 - 66 - 0
Leave Comments