Amendments to tax laws to pave the way for the implementation of VAT will be approved by Sri Lanka’s parliament by end July, Prime Minister Rani Wickremesinghe said.
Responding to a Supreme Court ruling on Monday staying VAT and NBT until the necessary laws are passed in parliament, the PM said in a statement that VAT will still be effective from May 2.
“This interim order is not expected to have any adverse impact on the government’s revenue collection,” he said, adding that the VAT Amendment Bill was presented to parliament for the first reading on July 8 and the second reading is due on July 23.
“The unity government, which has a clear majority, expects the legislative process to be completed before the end of the month of July. Thereafter the revised rates will be applicable with effect from May 2.” - ENDS -
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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