The Government has decided to reduce VAT to 9 per cent from 15 percent, following discussions between the President, Prime Minister and traders, official sources said on Thursday.
The sources said the new rate is effective immediately after widespread protests across the country over the earlier rate resulting in President Maithripala Sirisena having long discussions on the issue. Consumer groups have also complained about the increase saying it would hit key commodity prices.
However though Inland Revenue authorities will face a dilemma in imposing the new 9 per cent rate as it needs to be gazetted and presented in parliament for approval. Even the earlier 15 per cent proposed by Prime Minister Ranil Wickremesinghe in May is not being imposed as the change is yet to approved by parliament. At the moment tax authorities are enforcing VAT (value added tax) at the old rate of 11 per cent. - 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.
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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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