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 Lankan President launches sixth phase of Divi Neguma domestic agriculture program
-- [8 hours ago]
Trade unions in Sri Lanka protest demanding Rs. 10,000 wage hike
-- [8 hours ago]
Five suspects surrender to police over attack on Sri Lanka university students
-- [8 hours ago]
Sri Lanka Navy deploys personnel to assist flood victims
-- [9 hours ago]
Sri Lanka Cricket emphasizes India tour is a collective decision
-- [9 hours ago]
Australian travelers advised to exercise a high degree of caution in Sri Lanka
Lifting EU sanctions on LTTE is a result of continuous mission against country - Sri Lanka ruling party
Sri Lankan President to meet JHU leaders tomorrow
Sri Lanka cabinet spokesman confirms the Presidential election is in January
UK seafood importers criticize EU ban on Sri Lanka, willing to help government to improve the industry

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.