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VAT Bill may be delayed

8 August 2016 06:58 am - 10     - {{hitsCtrl.values.hits}}

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The enactment of the VAT Bill in Parliament hangs in the balance, as the government has decided to alter the original draft.

Earlier, the government had planned to have the debate on the Value Added Tax (VAT) Amendment Bill on Wednesday and Thursday, and enact it.

Yet Finance Minister Ravi Karunanayake told Daily Mirror yesterday that there would be a meeting with Prime Minister Ranil Wickremesinghe this evening regarding improvements to the bill.

“Then we will decide whether to hold the debate or not,” he said.

In the meantime, the Sri Lanka Freedom Party (SLFP) will also move certain amendments to the bill. The party also has a committee appointed to look into the matter.

The bill seeks to increase VAT from 11 percent to 15 percent. It also seeks to impose VAT on the private health services.(Kelum Bandara)

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  Comments - 10

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  • REALPATRIAT Tuesday, 09 August 2016 01:20 PM

    ITS MUCH MORE ADVISABLE FOR THE GOVERNMENT TO THINK AS MANY TIMES AS POSSIBLE BEFORE PRESENT A CONTRAVERCIAL BILL IN THE HOUSE. via DM Android App

    annoyed Monday, 08 August 2016 09:06 AM

    It would be better to make more people to bring under direct tax network instead of various indirect taxes that keep changing every now and then.

    Mm Monday, 08 August 2016 09:23 AM

    This govt is famous for delays, changes, alterations and simply re naming old projects and continuing! RK and RW ruining very thing

    ruwa Monday, 08 August 2016 10:27 AM

    Ravi..give FM to a child ... via DM Android App

    Victim Monday, 08 August 2016 11:01 AM

    VAT has to be removed altogether and amounts collected on private health services be refunded. via DM Android App

    Consumer Monday, 08 August 2016 11:01 AM

    Delay no Delay - The princes then went up never came down. The price of meet products were increased at Supermarket, after VAT but never down after VAT down. if VAT passed they will increase the Price again. Then Pocket VAT with out the Revenue Department

    Economist Monday, 08 August 2016 11:53 AM

    This VAT is a mess and will reduce the GDP by a large amountGo to drawing board and plan properly

    Anja Monday, 08 August 2016 12:00 PM

    please publish the name whom vote for vat increment in order to get the broom to hand when they are coming asking preferences in election time via DM Android App

    Pambayek Monday, 08 August 2016 01:25 PM

    VAT vattai yahapalana govt.

    arjuna Monday, 08 August 2016 02:18 PM

    VAT for private health services is very bad and idiotic decision. When more people go to govt hospital it is burden to government. I think government give tax exampalary to health sector. Another thing is government is unable supply most of the OPD and clinic drugs for patients in hospital. via DM Android App


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