VAT a New Year gift: FSP

18 April 2016 07:40 pm - 4 - {{hitsCtrl.values.hits}}

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The increase in the Value Added Tax (VAT) to 15 percent with the effect from May 02 could be considered as an unpleasant New Year present given by the Government to the people, the Frontline Socialist Party (FSP) charged today.

Addressing a media briefing in Colombo, FSP Propaganda Secretary Pubudu Jayagoda said the common people had fallen in to a great difficulty with the VAT increment.

He said the Government was to implement these increments within the Capitalist Class even though they had targeted common working people and small, medium scale businessman.

“The maximum VAT increment level was up to 11 percent, but the Government has proposed to increase it up to 15 percent. As a result of this the prices of numerous essential items will go up,” he added.

He also said that President Maithripala Sirisena had made a contradictory statement by saying that he would not let people suffer from such a VAT increment.

“The President is unaware of everything unless the media announced it,” he added. (Kalathma Jayawardhane)

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Comments - 4

jolly bird Monday, 18 April 2016 05:41 PM

NEW YEAR BONAZA MPS SALARIES INCREASE AND THE COMMON MEN S BURDEN (VAT ) OVER LOADED. via DM Android App

dharmapala Monday, 18 April 2016 09:19 PM

president srilanka was lost in economics former president left government empty finance, he answer able to crime in country but you are all side meaning less talk.srilanka to develop country must have proper law and order,

Ganesha Tuesday, 19 April 2016 09:47 AM

Increasing VAT is not acceptable which has the direct impact on the average people who are little bit relieved of Mahnida regime. However the government should think on other lines prudently for income generation

Nethra Tuesday, 19 April 2016 10:27 AM

First of all before commenting about the VAT,they should know what is tax,and whose benefit,everything summa means how to run the Country,the income won't come from the SKY.

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VAT a New Year gift: FSP

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