Sri Lankan Finance Minister Ravi Karunanayake is expected to announce a VAT exemption on five consumer items including TVs, audio sets, blenders and sandwich toasters when he presents Budget 2017 tomorrow (Thursday), the Sunday Times Online reliably understands.
This is in line with plans to establish Sri Lanka as a retail shopping hub in the region. Among other proposals being discussed is a flat rate of income tax to cover the entire workforce or all Sri Lankans earning some income. Another proposal is reduced taxes on small cars and less than 1,000 cc vehicles, it is learnt. (Bandula)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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