The revenue generated from the agriculture sector would be exempted from income tax within this week, Prime Minister and Finance Minister Mahinda Rajapaksa said today.
He said it was necessary to develop the agriculture sector though some people were ‘allergic’ to the development of the sector.
“I do not know whether the previous government had any knowledge about the agriculture. Foreign countries instructed it not to focus on agriculture. Hence, they started collecting taxes from the agriculture sector. We're changing it now,” he said at an event at Beliatta.
The Prime Minister said the best way to solve the current crisis in the country is to come forward and find the choice of the people.
“I think we all should work according to the Constitution. All people in this country are saying that the best way to solve the crisis is to go before the people and find their choice. We have placed our faith in the people all the time. The government and the opposition only need to face the election without fear or hiding. No one will lose their civil or fundamental rights by facing an election,” he said. (Aneesha Manage)
So the 26 percent of workforce, farmers who contribute to less than 7 percent of the GDP gets subsidies plus pay no taxes. What about the rest of us? Shouldn't we all join agriculture?
sach Friday, 23 November 2018 10:48 PM
less than 7percent? Check! SL has great potential in agri industry
abc Friday, 23 November 2018 12:11 AM
Screw it all up.
Max Friday, 23 November 2018 12:28 AM
Great. Thats one good initiative to revive agri sector which is a pillar of prosperous sri lanka that has ruined by the 3 years of unp led yahapalana admin.
Vegetable Friday, 23 November 2018 12:42 AM
How much money he is talking about? How much is the revenue from this sector?
nsathees Friday, 23 November 2018 03:51 AM
I see a venezuela in making within Sri Lanka!
diyawanna Friday, 23 November 2018 03:52 AM
MRs HAKURU - Seeni Bola. People are not stupid any more
Tony Friday, 23 November 2018 04:33 AM
Age with grace not with greed.
Lal Friday, 23 November 2018 05:29 AM
How are we going to pay back loans without taxes?
Hon. Arnolis Friday, 23 November 2018 06:28 AM
Exporters should be exempt from all taxes as we do the most important job of bringing in money to pay for all tax free vehicles, foreign trips, etc.
Karu Friday, 23 November 2018 07:15 AM
Not a great fan of MR but RW policy in taxation was bullshit.Instead of going behind big time fraudsters, manipulators and evaders they were concentrating on small timers. VAT system is a crap with too many loopholes that denies the Government of it's legitimate revenue. People seated in air con chambers with no exposure to fresh air and reality shouldn't be the policy makers.
Cheeno Friday, 23 November 2018 07:26 AM
How about a deal with China to improve our agriculture sector.
sach Friday, 23 November 2018 10:49 PM
Remember the banana order to china where SL did not send even a kilo under Yahapalas
Diogenes Friday, 23 November 2018 07:42 AM
This is a joke! Are there farmers earning enough revenue to pay income tax?
Dan Friday, 23 November 2018 07:58 AM
UNP government never gave any incentives to our Agriculture sector, making everything to be imported at great cost. By aggressively promoting this sector, we can be self sufficient in most essential things and save large sums of foreign exchange spent to import them. Such savings could be directed pay loans or reinvest in development of infrastructure etc. This is how a country can be developed, but not by importing everything under the sun as UNP making our Country like Greece.
Nadi Karunaratne Friday, 23 November 2018 08:13 AM
It won't be like last time. We are broke and maxed out on loans. To make these promises is at best irresponsible at worst shameless.
VR Friday, 23 November 2018 08:22 AM
What percentage of Sri Lankan farmers pay income Taxes? I believe people who are going to benefit are big merchants.
dulan Friday, 23 November 2018 08:56 AM
What was the big development in the Agriculture sector from 2005 to 2014?
Reality Check Friday, 23 November 2018 09:02 AM
Desperate signs that say Ali Baba is fast losing the game.
Political move Friday, 23 November 2018 09:11 AM
Aiming to increase rural vote base in case of an election.
Sri Wickrema Friday, 23 November 2018 09:14 AM
How many persons in agriculture sector pay tax? Can you reveal the statics?
Charlie brown Friday, 23 November 2018 09:15 AM
If we all grow vegetables in our gardens then we,re all farmers ,therefore tax exempt ..sorted ...A man out to grab the labourers vote through a cheap trick
sach Friday, 23 November 2018 10:50 PM
read the news properly.
Bandula Friday, 23 November 2018 10:55 AM
These are not handouts. They are Keynesian stimulus. I hope you can see the difference.
Keeraipidi Friday, 23 November 2018 02:29 PM
Is this not a great opportunity for My3 to remind his roots and to get back to his paddy and crops? A very good move by MR!
Keeraipidi Friday, 23 November 2018 02:41 PM
This is already securing votes for the nearing election. I don't know why MR did not want to tax the bad weather.
raj Friday, 23 November 2018 04:54 PM
Mr.Ranil and Mr.Srisena have failed to hand in over the person who was responsible for mass killings and war crimes. Both try to protect that person.
sach Friday, 23 November 2018 10:52 PM
That person was killed in 2009
sach Friday, 23 November 2018 10:53 PM
When MR came in 2005, one of the first things he did was developing agri sector improving our paddy output. It helped us to survive the harshest years when war was coming to an end with a global recession.
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