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
Joint military exercise between Sri Lanka and India armies concludes
-- [5 hours ago]
ADB grants US$ 150 million develop green power generation in Sri Lanka
-- [6 hours ago]
Final vote of the budget 2015 in Sri Lanka parliament today
-- [6 hours ago]
Over 73,000 people in Sri Lanka are subjected to modern day slavery, global study finds
-- [6 hours ago]
Common opposition candidate of Sri Lanka pledges to run a disciplined campaign
Sri Lankan President says he will not run a dirty campaign despite having 'files' on defectors
Sri Lanka Navy arrests 14 Tamil Nadu fishermen
Onion farmers' protest closes Sri Lanka's main north-south highway
Political parties in Sri Lanka reconsidering their support to President
Sri Lanka police temporarily halt 10,000 transfers due to presidential election

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.