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 Navy comes to the aid of a critically ill foreign national aboard a merchant ship
-- [2 hours ago]
'Sustain Lanka' National Celebration to commence tomorrow in Colombo
-- [3 hours ago]
Yowun Puraya affords Sri Lankan youth opportunity to contribute to country's economic, social and development process
-- [3 hours ago]
Ceylon Oxygen Limited receives latest ISO 9001:2015 certification
-- [4 hours ago]
Pakistan sends 10,000 MT of rice for drought affected people of Sri Lanka
-- [5 hours ago]
India could collaborate in the development of three other ports in Sri Lanka - Ports Minister
-- [5 hours ago]
Sri Lanka inks USD 17 million loan agreement with Kuwait for Kalu Ganga project
-- [6 hours ago]
Army personnel charged of assault on Journalist Keith Noyahr granted bail
-- [6 hours ago]
Sri Lanka grants dual citizenship to another 1750 expatriates
-- [7 hours ago]
No accession of Muslim abodes near Wilpattu Forest Reserves, government assures
-- [7 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.