Tuesday, March 8, 2016

Prime Minister Has Announced Government's Proposed Tax Amendments to The Parliament

By making a special statement in Parliament on Proposed Tax Amendments of the Government  shortwhile ago ,Prime Minister Ranil Wikramasinghe has stated that the Value Added Tax(VAT) will not be imposed on essential commodities and electricity and the Nation Build Tax(NBT) will not be increased .

According to the Prime Minister the Nation Building Tax will be remained at 2% and Value Added Tax will brought  up to 15%.Government will reintroduce the  Capital Gain Tax he has said.

In view of boosting the local economy Sri Lanakan Government looking forward to work closely with China,India ,United States and other countries he has further said.firstly Sri Lanka should break up the debt trap Prime Miniaster has said.

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A Sudden Fire Erupted In A Tyre Shop At Armour Street

A sudden fire has broken out at a tyre shop near Armour street in Grandpass this evening (29) causing severe traffic congestion in the area....