Liquor and vehicle import tax to be doubled
Economic service tax on liquor and vehicle imports to be increased from 0.5% to 1%
Updated @ 11.25 a.m. / Nov 07
Rs. 2500 CoL allowance for govt employees
Rs. 2500 Cost of Living allowance for government servants from January and it will be increased to Rs. 2875 from June
Updated @ 11.10 a.m. / Nov 07
Private companies encouraged to seek funds overseas
Government plans to encourage local private companies to seek funds from foreign markets to ease the burden on local banks
Updated @ 11.08 a.m. / Nov 07
Tax concessions for investments under Negenahira Navodaya
Special tax concessions and 5 year tax holidays for substantial private investments in the Eastern province under Negenahira Navodaya
Updated @ 11.05 a.m. / Nov 07
10% phone tax on mobiles to CDMA as well
The 10% tax on mobile phones will be extended to CDMA phones as well
Updated @ 11.00 a.m. / Nov 07
Environment conservation tax introduced, houses, vehicles, phones to be taxed
Every family owning a house, vehicle and phones will be taxed Rs. 20 by a new environment conservation tax to be introduced through a new act.
Updated @ 10.50 a.m. / Nov 07
Five year tax relief for Co-operatives
In order to ease cost of living burden on low income families, co-operative societies and shops will be given a tax holiday of five years on VAT and other taxes
Updated @ 10.45 a.m. / Nov 07
No fuel hike in the near future - President
President said though oil barrel has reached USD 95 mark the govt would not increase fuel prices in the near future and the 5% levy on petrol will be abolished if there's are further hikes in world oil prices
Updated @ 10.35 a.m. / Nov 07
Revenue increased to 7.2% of GDP, USD 500 ml bond strengthens currency
The govt revenue was increased to 7.2% of GDP and local interests could be reduced to 17%, the President said. He added that budget deficit too has been reduced to 7.2% and local currency has been strengthened due to USD 500 bond which was oversubscribed despite the opposition campaign to scuttle it.
Updated @ 10.15 a.m. / Nov 07
Per capita income USD 1500 unemployment reduced to 6.2%
Per capita income of a Sri Lankan has reached USD 1500 mark and the government has managed to reduce unemployment rate to 6.2% , President Rajapaksa said during today's budget speech.
Updated @ 10.00 a.m. / Nov 07
President says SL maintains 7% growth
Economic service tax on liquor and vehicle imports to be increased from 0.5% to 1%
Updated @ 11.25 a.m. / Nov 07
Rs. 2500 CoL allowance for govt employees
Rs. 2500 Cost of Living allowance for government servants from January and it will be increased to Rs. 2875 from June
Updated @ 11.10 a.m. / Nov 07
Private companies encouraged to seek funds overseas
Government plans to encourage local private companies to seek funds from foreign markets to ease the burden on local banks
Updated @ 11.08 a.m. / Nov 07
Tax concessions for investments under Negenahira Navodaya
Special tax concessions and 5 year tax holidays for substantial private investments in the Eastern province under Negenahira Navodaya
Updated @ 11.05 a.m. / Nov 07
10% phone tax on mobiles to CDMA as well
The 10% tax on mobile phones will be extended to CDMA phones as well
Updated @ 11.00 a.m. / Nov 07
Environment conservation tax introduced, houses, vehicles, phones to be taxed
Every family owning a house, vehicle and phones will be taxed Rs. 20 by a new environment conservation tax to be introduced through a new act.
Updated @ 10.50 a.m. / Nov 07
Five year tax relief for Co-operatives
In order to ease cost of living burden on low income families, co-operative societies and shops will be given a tax holiday of five years on VAT and other taxes
Updated @ 10.45 a.m. / Nov 07
No fuel hike in the near future - President
President said though oil barrel has reached USD 95 mark the govt would not increase fuel prices in the near future and the 5% levy on petrol will be abolished if there's are further hikes in world oil prices
Updated @ 10.35 a.m. / Nov 07
Revenue increased to 7.2% of GDP, USD 500 ml bond strengthens currency
The govt revenue was increased to 7.2% of GDP and local interests could be reduced to 17%, the President said. He added that budget deficit too has been reduced to 7.2% and local currency has been strengthened due to USD 500 bond which was oversubscribed despite the opposition campaign to scuttle it.
Updated @ 10.15 a.m. / Nov 07
Per capita income USD 1500 unemployment reduced to 6.2%
Per capita income of a Sri Lankan has reached USD 1500 mark and the government has managed to reduce unemployment rate to 6.2% , President Rajapaksa said during today's budget speech.
Updated @ 10.00 a.m. / Nov 07
President says SL maintains 7% growth
