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.