Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to exempt VAT from private medical services from 1st July
Tue, Jun 19, 2018, 10:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 19, Colombo: The government has decided to remove several taxes levied in a number of fields including the Value Added Tax on private medical services from the 1st of July. Accordingly, private medical services, children's savings accounts and artists work will be exempted from taxes.

The Cabinet of Ministers has decided to remove the 15 percent Value Added Tax on doctorsí consultation fee, channeling fee and professional charges with effect from July 1st.

Minister of Health Dr Rajitha Senaratne on the instructions of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe has made the request to the cabinet to remove taxes from private medical services.

Speaking at a press conference in Colombo today Minister of Finance Mangala Samaraweera said, however, the VAT charged on private hospital rooms will remain unchanged.

The 5 percent tax levied on saving accounts of children under 5 years of age at any financial institution will be removed until the age of 18 in order to encourage savings.

It is also expected to provide special tax relief for artists.

The Finance Minister said that the direct tax revenues need to be increased in order to provide relief to the masses and those who are required to pay taxes should consider it as social responsibility and pay taxes.

 

ColomboPage - Recent 10 Stories ::
National fund to be established to ensure protection of children
-- [1 hour and 20 minutes ago]
Lifetime ban for fishing boat skippers engaged in human smuggling
-- [1 hour and 51 minutes ago]
Sri Lanka President appoints interim authority to rehabilitate drug addicts
-- [2 hours ago]
'We need to act before we extinguish ourselves'- Chandrika Kumaratunga
-- [3 hours ago]
Sri Lanka to launch its first satellite in April
-- [4 hours ago]
India awards prestigious Mahatma Gandhi Scholarships to 150 students across Sri Lanka
-- [5 hours ago]
Carbon dating report of Mannar mass grave bone samples presented to court
Five new BOI projects to start in Jaffna
CID to question OIC of Southern Province Special Crime Investigating Unit over the abduction of two businessmen
Issuing e-Health cards to public starting tomorrow from Kalutara District

Copyright © 2000, 2016 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.