Sun, 19 Sep 2021 Today's Paper

VAT revision: President calls for immediate meeting

4 July 2016 08:59 am - 10     - {{hitsCtrl.values.hits}}

A A A

Against the backdrop of mounting public unrest against the recent hike of Value Added Tax (VAT), President Maitripala Sirisena has called for a meeting with the officials of Inland Revenue Department today for a discussion on the possibility of revising it, it is learnt.

The prices of a number of items and services rose as a result of the increase of VAT and the Nation Building Tax (NBT). Wholesale and retail traders took the streets in many areas closing their shops and protested against the move.

Trading activities in some towns and cities were ground to a standstill as a result, on some days. President Sirisena announced publicly that he would take steps to cushion the burden caused by the tax hikes.

Accordingly, a meeting will take place today afternoon at his office with the officials of the Department and the other stakeholders to see the possibility of revising certain tax rates.

VAT rate was increased from 11 per cent to 15 per cent. Also, VAT exemptions granted to health and telecommunication services were done away with. Besides, the threshold for VAT on wholesale and retail trade was expanded making more and more traders liable for tax payment.(Kelum Bandara)

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.

  Comments - 10

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.

 

  • Onlooker Monday, 04 July 2016 06:01 PM

    NATO, NATO.

    lokka Monday, 04 July 2016 09:11 AM

    aiyo sirisena via DM Android App

    Hitapang Machan Monday, 04 July 2016 09:14 AM

    one of the useless finance minister have got in the history via DM iOS App

    lokka Monday, 04 July 2016 09:16 AM

    Haiyo sirisena via DM Android App

    Anti-VAT Monday, 04 July 2016 09:38 AM

    VAT is supposed to be removed from Health and Telecommunication.HE must order immediate refund of those who were unfairly and inconsiderately taxed. via DM Android App

    charles Monday, 04 July 2016 09:47 AM

    Revise Vat on essentials only.

    Sanje Monday, 04 July 2016 10:10 AM

    Hon. President.This meeting would have being called sooner the VAT was imposed. My Son's hospital bill was over 200,000 and payed VAT alone over 20,000/-.. We are not Insured too.FYISanje

    suda Monday, 04 July 2016 01:05 PM

    Just meeting no actions in world few hours last for days

    Dr.Zaheer Monday, 04 July 2016 02:27 PM

    It would be a blessing in disguise. However it will not be a sugar coated bitter pill.

    Ajith Monday, 04 July 2016 04:48 PM

    Please tax more now so that you can reduce it in the election year.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




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.

 


Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India

Young families share stories of pregnancy in a pandemic

For hundreds of expectant and new mothers, pregnancy and childbirth are nothi

“Your travel plans should not come first” – Dr. Dinu Guruge

In a recent live discussion on fighting the Covid-19 pandemic hosted by Daily