Friday, July 21, 2017

New Inland Revanue Act To Be Presented To The Parliament In August

The new inland revanue act is due to be presented to
the Parliament and getting approved during  the third week of August according to the Minister of Finance and Media Mangala samaraweera.

Through the act government aims to reduce the indirect taxes imposed on public from 80% to 60% and increase the direct taxes from 20% to 40% during next three years Minister has stated.

The act will be approved after adding the amendments proposed by the Supreme Court and Parliament it has been stated.

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