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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka to raise import taxes on cars and mobile phones - report

Sri Lanka to raise import taxes on cars and mobile phones - report

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Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://www.dailymirror.lk/news/46122-investments-in-shares-epf-loses-billions.html
TUESDAY, 22 APRIL 2014 07:26

Apr 20, Colombo: Sri Lankan government plans to increase the import taxes on a number of items from next month to enhance the state income, a local media report said.

The increase in levies is to be implemented from May this year on several top selling items including motor cars, mobile phones and construction industry items such as steel rods and cement.

The decision to raise import levies had been taken at a recent discussion held in the Ministry of Finance with the participation of the senior officials of the Treasury and Central Bank, the Mawbima Sinhala newspaper said.

The officials have pointed out at the discussion that the government decision to decrease the import taxes of the items like motor cars resulted in the decline of state income as a percentage of the gross domestic product.


Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is a good move. Cars and mobile phones must be used rich people only. for the rest of the people who can not afford,  comfortable public transport is given by building roads and infrastructure using so called Tax system. so then we don't want to do things on loans.

Rich should get richer and play with the CSE
the rest should go and play cricket....! pale

My hats off for SLPF...! Long live SLPF...! Long live my president....!

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
But the will give import permits to all Palath Babas and other politicians and henchman

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
A massive number of administrators in this ruling system consumes & enjoys a big portion of taxes being levied on shoulders of public. Fortune wheel always favours to classy crowed, but not favouring the needy section...

Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
the gap increases......mmmm not goood...!

Rich gets richer and poor get poorer....!leads to criminal economy.
government needs to find tax from other methods.

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