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::

* Opposition lawmaker claims Sri Lankan government unable to implement legislation related to 2014 Budget
Sun, Mar 23, 2014, 06:46 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 23, Colombo: A Parliamentarian of Sri Lanka's main opposition United National Party (UNP), Ravi Karunanayaka has said that the government is unable to implement most of the legislation related to the 2014 Budget.

He told an English weekly that the relevant legislation have not been passed in parliament yet to implement them by April 1st.

Among the legislation are some of the tax proposals that are to become effective from April 1 this year through amendments.

Karunanayaka said that some of these laws and amendments relate to the Value Added Taxes (VAT), Excise Duties, Tax Surcharges, and others.

However, he noted that the government has been unable to present the legislation to parliament on time.

He added that it is a serious situation since the government has targeted Rs 1.25 trillion as total government revenue for 2014 of which the tax revenue plays an integral part.

In order to implement by 1st April, the amendments should have been passed when Parliament meets next on April 8.

ColomboPage - Recent 10 Stories
Sri Lankan president congratulates Iranian President on re-election
-- [1 minutes ago]
New security measures at Colombo International Airport
-- [6 minutes ago]
Sri Lankan President observes several programs in Canberra
-- [23 minutes ago]
Over 100 harassed Sri Lankan housemaids return home from Kuwait
-- [49 minutes ago]
India, Japan joint venture to set up USD 250 million LNG import terminal in Sri Lanka
-- [1 hour and 12 minutes ago]
Strong will to develop Pakistan, Sri Lanka ties - Envoy
-- [1 hour and 36 minutes ago]
Sri Lanka Navy Chief to review Indian Navy passing our parade
-- [1 hour and 53 minutes ago]
New Finance Minister pledges maximum effort for the economic development of the country through reforms
-- [8 hours ago]
Dialog paves way for 5G with successful Massive MIMO trial
-- [9 hours ago]
Australian PM sees Sri Lanka President's visit as an opportunity to advance key areas of bilateral cooperation

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.