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 Army allocates land free to set up new businesses for victims of Salawa explosion
-- [12 minutes ago]
Government rejects former president's allegations of selling national assets
-- [42 minutes ago]
Sri Lanka Fisheries Minister appoints committee to study illegal fishing methods
-- [1 hour and 36 minutes ago]
Fitch Ratings lowers Sri Lankan banks sector outlook for 2017 to negative from stable
-- [1 hour and 54 minutes ago]
Sri Lanka aims to make Hambanthota Port an income generating enterprise with Chinese support
-- [2 hours ago]
Sri Lanka's President calls for averting environment conducive for bribery and corruption in government
-- [3 hours ago]
New plan to revive Sri Lanka's struggling handloom industry
-- [4 hours ago]
Sri Lanka appoints ministerial sub-committee to achieve sustainable development goals by 2030
-- [5 hours ago]
Largest ever cocaine haul in South Asia detected in India-bound ship at Sri Lanka port
-- [5 hours ago]
Indian Garment N Fabric Expo - 2017 in Sri Lanka next month
-- [5 hours ago]

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.