News
dinner.jpg (19228 bytes)
Minister G.L. Pieris enjoying the tea party while giving an ear to his colleague Karu Jayasuriya. Treasury Secretary Charitha Ratwatte in the far corner serves the ADB representative.

Essential consumer items and services adversely affected
VAT worse than GST — LSSP

The Budgetary Proposals

Taxation
Mr. Speaker, there has been a steady decline in the tax revenue to GDP ratio during the past few years, while the complexity of the tax regime has increased considerably due to ad-hoc and inconsistent policy measures. Taxpayers are faced with a whole host of different taxes such as NSL, GST, Customs Duties and Stamp Duties, often on the same transaction. Moreover, the implementation of ad-hoc policy measures and the grant of unplanned concessions and exemptions have made the task of tax administration virtually impossible. The tax system has also failed to meet the revenue needs of the Government.
Full story


http://www.crescat.com/
G-kola
http://www.lsplk.com/odiris
http://www.eagle.com.lk
 
FEATURES | OPINION | BUSINESS | EDITORIAL | CARTOON | SPORTS