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
Government Leaders avoided responsibility by giving COPE to probe Central Bank Governor's appointment - JVP leader
-- [3 hours ago]
Sri Lankan Government refutes misinformation on the proposed Constitution
-- [4 hours ago]
Sri Lanka Navy arrests 9 local fishermen engaged in illegal fishing
-- [4 hours ago]
President emphasizes on strictly following law in protecting environment
-- [4 hours ago]
SAGT to implement the SOLAS proposal at the Port of Colombo
-- [5 hours ago]
U.S. Embassy hosts Iftar in Sri Lanka
-- [5 hours ago]
Sri Lanka looking for new global trade opportunities unfolding in the aftermath of Brexit
-- [6 hours ago]
Canada committed to working with Sri Lanka Government toward building lasting peace, strengthening ties
-- [6 hours ago]
Sri Lanka ranks 50th in Human capital Index, bright spot for South Asia region
-- [7 hours ago]
National Audit Draft Bill in Cabinet for approval today

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.