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
Financial Fraud Investigation Unit of Sri Lanka police investigates MIG- 27 deal
-- [1 hour and 5 minutes ago]
CID questions former Sri Lankan minister over journalists' murder
-- [2 hours ago]
Sri Lankan Prime Minister to visit North to hold discussions with Tamil leaders
-- [2 hours ago]
Two Universities Visit at Indiana Buddhist Temple
-- [7 hours ago]
President Obama intends to nominate Atul Keshap as Ambassador to Sri Lanka and Maldives
Suspect attacked Sri Lankan President's brother surrenders
Sri Lanka Freedom Party MPs attend rally in Ratnapura despite party directive to stay away
Sri Lanka to participate in the universal exposition World Expo 2015
Sri Lankan court orders probe into former Defense Secretary's bank accounts
Sri Lankan minster writes to President and PM asking not to nominate the 'corrupted' for elections

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.