The Value Added Tax (VAT) and the Nation Building Tax (NBT) will be effective from November 1, the Ministry of Finance announed today.
The VAT increase from 11% to 15% was approved yesterday with the passage of the Value Added Tax (Amendment) Bill in Parliament.
However, the NBT rate of 2% remains unchanged.
Finance Minister Ravi Karunanayake told Parliament yesterday that the Government aims to earn a revenue of Rs.1.8 billion from the VAT revision.
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Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
Israel, a major player in the global diamond and jewellery trade, has invited Sri Lankan gem and jewellery businessmen and designers to collaborate with Israeli diamond traders.
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