VAT (amendment) Bill to be presented to Cabinet

News

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.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

December 12, 2024

- 394 - 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

- 388 - 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

- 270 - 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

- 226 - 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

- 209 - 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.

December 10, 2024

- 189 - 0

Faiszer Musthapha nominated as NDF National list MP

Mr Faiszer Musthapha. PC has been nominated to be appointed as a Member of Parliament through the National List of the New Democratic Front.