The Value Added Tax (Amendment) Bill will be presented to Cabinet today. The Bill will be presented to the Cabinet by Finance Minister Ravi Karunanayake, a statement issued by the Ministry added.
The Supreme Court on July 11 issued an interim order suspending the increase of VAT from 11% to 15%, after considering a petition filed challenging the tax hike.
However, proposed tax increase from 11% to 15% will remain unchanged, it was reported.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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