- Last Update 2024-12-19 12:49:00
Controversial Value Added Tax (Amendment) Bill approved
The controversial Value Added Tax (Amendment) Bill was approved by the House with 112 voting for and 46 against the Bill.
Several amendments moved to the Bill by Joint Opposition (JO) members meant to reduce the tax further from medical services were rejected by the Government.
Finance Minister Ravi Karunanayake who took part in the debate earlier in the day said that government expects 1.8 billion rupee income this year from the revision of (VAT.
He said the Government had set as target Rs 10 billion as revenue from the VAT revision in 2016, but it was later reduced to Rs 6 billion when decision was taken to impose it after five months with effect fromMay 2.
He said VAT has been imposed on post and telecommunication, liquor and tobacco to exempt health and housing sectors and smart phones but the Government has exempted many essential goods from VAT.
(CK)
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- December 12, 2024 - 400 - 0
Two sisters killed in car accident on expressway
Two school girls were killed after the car driven by their father crashed on to a lorry on the southern expressway, a coroner’s court inquiry was told today in Galle.
- December 12, 2024 - 393 - 0
Sri Lanka Customs Launches Vehicle Verification Portal
Sri Lanka Customs has introduced an online portal to verify the authenticity of legally imported vehicles. This platform empowers the public to confirm vehicle legality by entering the chassis number and vehicle registration number into the portal.
- December 13, 2024 - 272 - 0
Speaker to step down
Speaker Ashoka Ranawala whose educational qualifications have been questioned has decided to step down from the post of Speaker
- December 12, 2024 - 232 - 0
Doctor provides free home visit service
A doctor attached to the Lunawa, Moratuwa District hospital has volunteered to offer her services to visit elderly patients at their homes and treat them.
- December 14, 2024 - 210 - 0
Tomorrow’s highlights in the Sunday Times
Read tomorrow’s Sunday Times for your interesting columns incuding ’’The 5th Column’’ and many other articles.
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