Drama and confusion continues to plague policy-making decisions governing Sri Lanka’s economy .
A March 28th circular issued by the Inland Revenue Department coming under the Ministry of Finance setting out guidelines to implementation on income tax proposals in the 2016 budget, is to be withdrawn, TimesOnline reliably learns. The circular reached most institutions yesterday ahead of the March 31 deadline for tax payments. No reasons were immmediately known for the planned withdrawal of the gazette. Attached is the 'contentious' gazette. - ENDS -
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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.
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.
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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