Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to raise import taxes on cars and mobile phones - report
Sun, Apr 20, 2014, 11:30 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 20, Colombo: Sri Lankan government plans to increase the import taxes on a number of items from next month to enhance the state income, a local media report said.

The increase in levies is to be implemented from May this year on several top selling items including motor cars, mobile phones and construction industry items such as steel rods and cement.

The decision to raise import levies had been taken at a recent discussion held in the Ministry of Finance with the participation of the senior officials of the Treasury and Central Bank, the Mawbima Sinhala newspaper said.

The officials have pointed out at the discussion that the government decision to decrease the import taxes of the items like motor cars resulted in the decline of state income as a percentage of the gross domestic product.

ColomboPage - Recent 10 Stories
Sri Lanka Foreign Minister discusses national security, human rights with defense officials
-- [5 hours ago]
GMOA to launch strike tomorrow on eight demands
-- [5 hours ago]
Preventing arrest of Ryan Jayalath is obstruction of police duties - Magistrate
-- [6 hours ago]
Sri Lankan President inaugurates Asia Pacific Telecommunications Forum
-- [7 hours ago]
Sri Lanka petroleum workers to strike from midnight today, long lines at filling stations
-- [8 hours ago]
Three-year plan to develop Trincomalee Harbor
-- [9 hours ago]
Fitch Affirms ratings of 10 Sri Lankan finance companies
-- [9 hours ago]
Sri Lanka Central Bank probes leaking of customer information by Hatton National Bank
Sri Lanka Opposition Leader asks President to outline a program to address missing persons issue
Cyprus police seek to arrest Sri Lankan for murdering compatriot

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.