Govt. medical equipment for COVID-19 exempt of taxes
(UTV | COLOMBO) – Minister Prasanna Ranatunga says medical and health equipment provided to the government, to help combat the COVID-19 pandemic, is exempt of...
Tag : taxes
Government willing to reduce indirect taxes
(UTV|COLOMBO) – The Commissioner of the Department of Inland Revenue says the government is willing to reduce the Value Added Tax and indirect taxes in future....
Revised vehicle taxes only on LCs opened after March 6
(UTV|COLOMBO) – Finance Minister Mangala Samaraweera says that the taxes on import of motor vehicles proposed by the 2019 Budget will be implemented only on...
Inland Revenue Act aims to raise direct taxes to 40% – FM
UTV | COLOMBO – The new Inland Revenue Act is aimed at increasing direct taxes to 40 percent and reducing indirect taxes to 60 percent....