Finance Minister Mangala Samaraweera has today(17) announced a tax reduction package for Internet,Motorcycles,Small Cabs and Lorries during a press briefing held in Colombo.
Accordingly the 10% Telecommunication levy imposed on Internet services by the former Finance Minister Ravi Karunanayake is due to be removed completely with effect from 01st of September .Under this telecommunication companies have agreed to reduce the internet charges of pre paid services the Minister has said.
According to the Minister Samaraweera the excise duty imposed on Motorcycles less than 150 cc is due to by reduced by 90% with effect from midnight tonight(17).
The duty imposed on small cabs and lorries will be reduced by Rs.300,000 from Rs.10,000,000 to Rs.700,000.
Substantial price reduction will be introduced particularly for Japanese Motorcycles it has been announced.Accordingly the prices of Motorcycles will be reduced from Rs.50,000 to Rs.100,000 Finance Minister has stated.
Accordingly the 10% Telecommunication levy imposed on Internet services by the former Finance Minister Ravi Karunanayake is due to be removed completely with effect from 01st of September .Under this telecommunication companies have agreed to reduce the internet charges of pre paid services the Minister has said.
According to the Minister Samaraweera the excise duty imposed on Motorcycles less than 150 cc is due to by reduced by 90% with effect from midnight tonight(17).
The duty imposed on small cabs and lorries will be reduced by Rs.300,000 from Rs.10,000,000 to Rs.700,000.
Substantial price reduction will be introduced particularly for Japanese Motorcycles it has been announced.Accordingly the prices of Motorcycles will be reduced from Rs.50,000 to Rs.100,000 Finance Minister has stated.
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