Tag: economy
Three wheelers to be sheltered from future fuel price increases
Three wheelers to be sheltered from future fuel price increases and three-wheeler leasing to be exempt from VAT.Three wheelers to be sheltered from future fuel price increases and three-wheeler leasing to be exempt from VAT. “About 200,000 three-wheeler operators carry one million passengers daily, occupying the least amount of road space and using the lowest […]
Govt plans to impose PAYE taxes on public servants salaries, while giving a Rs 2,500 salary hike
Putting in place a much-needed reform, the government is planning to impose PAYE taxes on public servants salaries, while giving a minimum of Rs.2,500 salary increase. Putting in place a much-needed reform, the government is planning to impose PAYE taxes on public servants salaries, while giving a minimum of Rs. 2,500 salary increase. But the […]
Cashed trapped Treasury plans to mandate those who own a car, house, credit card and a mobile phone to open a tax file
A person who pays an electricity bill of Rs 10,000, a phone bill of Rs 10,000, a credit card spend of more than Rs 25,000 a month, or buys a ticket to go abroad, must file a tax return if at least 4 of the conditions are met.A person who pays an electricity bill of […]
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 released on Thursday Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 […]
‘s eBudget goes in to the box
On Wednesday afternoon a beaming Finance Minister, Dr.Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget reading on Thursday.On Wednesday afternoon a beaming Finance Minister, Dr. Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget […]
Friar Tuck and Maid Marian support home grown budget
Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the budget, for what he termed biased reporting of the economic situation of the country.Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the […]
Finance Minister promises to confound his critics through the budget
Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years.Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years. “I can only say that it will be a people friendly budget,” […]
The Finance Minance Minister’s eBudget goes in to the box
On Wednesday afternoon a beaming Finance Minister, Dr.Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget reading on Thursday.On Wednesday afternoon a beaming Finance Minister, Dr. Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget […]
Japan lends Rs. 780 mn to ease balance of payment crunch and promote economic development
Sri Lanka has secured around Rs. 780 mn (Japanese Yen 800 mn) worth of financial assistance from Japan to ease balance of payment difficulties and promote economic development. Sri Lanka has secured around Rs. 780 mn (Japanese Yen 800 mn) worth of financial assistance from Japan to ease balance of payment difficulties and promote economic […]
‘s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Deadlock in peace talks compounds Sri Lanka’s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Further tax hikes on business and high income earners may top Thu. budget
Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget next week, with a series of new taxes targeting businesses and high-income groups expected to be at the top of the list.Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget […]