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VAT increase: Bill in Parliament to give legal effect

9 July 2016 06:51 am - 3     - {{hitsCtrl.values.hits}}

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In the backdrop of a legal challenge against recent increase in the Value Added Tax (VAT), the Government yesterday sought to give legal effect to the VAT increase by enacting fresh legislation through the Value Added Tax (Amendment) Bill which was presented in the House.

Finance Minister Ravi Karunanayake sought an immediate date to take up the bill for debate.

House Leader Lakshman Kiriella told Parliament that the Bill would be debated on July 20 unless it were challenged in a court of law. (Kelum Bandara and Yohan Perera)

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • lkboy Monday, 11 July 2016 09:20 AM

    So is the current VAT illegal?

    Ash Sunday, 10 July 2016 02:11 AM

    strategy to screw the public... via DM Android App

    1110 Saturday, 09 July 2016 09:16 AM

    Yes they the Supre Court Decsion will go against them and they have the Majority on Parliment so you can cover it up . So increse Tax and order more BMW ,Benz, Prados . When is this stupid people of this country understand what jokers we have as MPs . Will this country change or should we leave .


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


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