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 Insurance Corporation posts profits before tax of Rs. 630 million in 1Q 2015
Construction work on Matara-Hambantota segment of Sri Lanka's Southern Expressway commenced
Former leader of Sri Lanka Marxist party to form a new alternative front
Former President may contest elections from Kurunegala
UNP warmly welcomes first crossover of SLFP stalwart Nawinna
Sri Lankan President pledges not to reverse 'January 08 Revolution' and family rule to return
Sri Lanka Police to ensure election rules are strictly enforced during polls
Work on Matara-Hambantota segment of Sri Lanka's Southern Expressway to begin today
Sri Lanka inks first trade pact with China's Guangzhou
Constitutional council meets for the first time

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.