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 Navy arrests 16 Indian fishermen for poaching in island waters
-- [3 hours ago]
Private sector technical team proposes to hold off the abolition of current SVAT system
-- [3 hours ago]
Pakistan, Sri Lanka relations firmly standing on the pillars of mutual trust and respect - High Commissioner
-- [3 hours ago]
Sri Lanka to introduce new legislation to replace old Acts in financial sector to meet present day needs
-- [4 hours ago]
Sri Lankan woman nabbed at Bangalore airport for drug smuggling
-- [6 hours ago]
U.S. suggests Sri Lanka government to make a public strategy and time table to fulfill UN commitments
-- [6 hours ago]
Pakistan to showcase Gandhara art in Sri Lanka at the Vesak Festival
-- [6 hours ago]
Major General Mahesh Senanayake appointed Chief of Staff in Sri Lanka Army
-- [8 hours ago]
World Water Day: U.S. Embassy helps provide clean drinking water in rural Sri Lanka
Finance Minister pays surprise visit to Sri Lanka Customs

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.