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 Lanka to set up a pipeline from Muthurajawela to deliver jet fuel to aircraft
-- [4 hours ago]
New entry period for Diversity Visa Program DV-2019
-- [5 hours ago]
Sri Lanka cricketing legends join Education Minister & EU to speak on the problem of violence against women
-- [6 hours ago]
Police to record statement from Sri Lankan suspected in plot to kill Maldives President
-- [6 hours ago]
External pressures constrain Sri Lanka's credit profile - Moody's
-- [7 hours ago]
Sri Lanka EDB explores business opportunities through Hong Kong
-- [7 hours ago]
Sri Lankan SMEs participate in Trade Fairs in Southern China
-- [7 hours ago]
Sri Lanka Navy replants corals in northern and eastern seas
-- [8 hours ago]
Sri Lanka Navy arrests 8 Indian fishermen for poaching in Sri Lankan waters
-- [8 hours ago]
Leo Burnett Sri Lanka named 'Agency of the Year' at the Effie Awards
-- [9 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.