The 7.5 per cent Port and Airport Levy for fuel and 2.5 per cent for Liquid Petroleum (LP) gas will be removed when the 18 per cent Value Added Tax (VAT) comes into effect from January 1 next year, the Ministry of Finance said.
The estimated revenue from increasing the VAT to 18 per cent from 15 per cent will be in the region of Rs. 227 billion while an additional sum of Rs. 40 billion is to be collected by bringing the VAT threshold to Rs. 60 million from Rs. 80 million, Finance Ministry’s revenue estimates shows.
Ishara Sewwandi, the main suspect wanted for the shooting inside the Aluthkade No.05 Magistrate’s Court premises which killed alleged underworld figure ’’Ganemulla Sanjeewa,’’ has been arrested in Nepal.
The Gaza war started on October 7, 2023, following the Hamas attack on a southern Israeli border town. Some 1200 people died, while Hamas took 250 Israelis as hostages.
History often has a way of repeating itself, sometimes by shaping similar personalities that seem destined to converge
Leave Comments