Cabinet nod has been received to instruct the legal draftsmen to prepare necessary bills to amend the following Acts with a view to increasing government revenue.
Inland Revenue Act, No. 24 of 2017 Value Added Tax Act, No. 14 of 2002 Telecommunication Levy Act No21 of 2011 Betting and Gaming
Dr Roshan Perera & Naqiya Shiraz
Background
The
new bill titled ‘Special Goods and Services Tax’ was published by gazette dated
07 January 2022.[1] The Special Goods and Services Tax (SGST)
was originally proposed in Budget speech 2021 but was not implemented. It has
once again been pres
Sri Lanka to publishes bill to give amnesty to undisclosed income, tax arrears economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
Powerful Buddhist Monk Opposes China Funded Colombo Port City Project Lanka govt.scrambles to assuage Abayarama temple head
COLOMBO: The politically influential head of the Abayarama temple in Colombo, Ven.Muruththetuwe Ananda Thero, has thrown his weight behind petitions in the Sri Lankan Supreme Court against the China-funded US$ 1.4 billion Colombo Port City (CPC) project.
The CPC is now at the crucial stage of getting a separate legal structure meant to get foreign investors.
Ven. Ananda Thero told a press conference on April 15 that his organization
“Rata Rakina Jana Handa” had supported President Gotabaya Rajapaksa and his Sri Lanka Podujana Peramuna (SLPP) in the 2019 and 2020 elections in the hope of preventing the sale of Sri Lankan State assets to foreign countries, but the regime is now trying to make the Colombo Port City a “Chinese colony”.
(Dr) Jayampathy Wickramaratne, President’s Counsel
(Lanka-e-News -18.April.2021, 10.45PM) The Colombo Port Economic Commission Bill was presented in Parliament on 08 April 2021, while the country was getting ready to celebrate the traditional New Year. With the intervening weekend and three public holidays, citizens had just two working days to retain lawyers, many of whom were on vacation, and file applications challenging the constitutionality of the Bill in the Supreme Court within the one-week period stipulated in the Constitution. One wonders whether the timing was deliberate.
The Bar Association of Sri Lanka said in a statement that it was extremely concerned about the limited time given for scrutiny and discussion of this important Bill, as well as the timing of placing the Bill on the Order Paper of Parliament, which was after the suspension of sittings of the Supreme Court, a time when many members of the legal profession are unavailable. Because the period of one week w