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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LFIN - LOFC - VFIN -PABC - SAMP

LFIN - LOFC - VFIN -PABC - SAMP

3 posters

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1LFIN - LOFC  - VFIN -PABC - SAMP Empty LFIN - LOFC - VFIN -PABC - SAMP Thu Dec 24, 2015 9:23 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

By Dilanke Gunathilake  and Jaliya Seneviratne


President Maithripala Sirisena has decided to retain the hitherto imposed import tax of 5 per cent on imported electric vehicles, rejecting the 50 per cent tax proposed in Budget 2016.


This decision was taken at yesterday's Cabinet meeting which was reportedly skipped by Finance Minister Ravi Karunanayake. A number of UNP Ministers, including Malik Samarawickrama and Sagala Rathnayake, however agreed with the President's suggestion conceding that increasing the tax on electric vehicles was a mistake.

President Sirisena has said that although he is the Minister of Environment, he was not consulted when the decision to increase the tax was taken.
The government has decided not to subject vehicles imported on Letters of Credit opened prior to the presentation of Budget 2016, to new taxes proposed in the budget.
This decision was taken after President Sirisena tabled a proposal at yesterday's Cabinet meeting to this effect. Minister of Higher Education, Lakshman Kirielle said that Prime Minister Ranil Wickremesinghe had also mooted the same idea.

2LFIN - LOFC  - VFIN -PABC - SAMP Empty Re: LFIN - LOFC - VFIN -PABC - SAMP Thu Dec 24, 2015 9:35 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Harry82 wrote:By Dilanke Gunathilake  and Jaliya Seneviratne


President Maithripala Sirisena has decided to retain the hitherto imposed import tax of 5 per cent on imported electric vehicles, rejecting the 50 per cent tax proposed in Budget 2016.


This decision was taken at yesterday's Cabinet meeting which was reportedly skipped by Finance Minister Ravi Karunanayake. A number of UNP Ministers, including Malik Samarawickrama and Sagala Rathnayake, however agreed with the President's suggestion conceding that increasing the tax on electric vehicles was a mistake.

President Sirisena has said that although he is the Minister of Environment, he was not consulted when the decision to increase the tax was taken.
The government has decided not to subject vehicles imported on Letters of Credit opened prior to the presentation of Budget 2016, to new taxes proposed in the budget.
This decision was taken after President Sirisena tabled a proposal at yesterday's Cabinet meeting to this effect. Minister of Higher Education, Lakshman Kirielle said that Prime Minister Ranil Wickremesinghe had also mooted the same idea.
What is the relationship with heading   Shocked Shocked Shocked

3LFIN - LOFC  - VFIN -PABC - SAMP Empty Re: LFIN - LOFC - VFIN -PABC - SAMP Thu Dec 24, 2015 9:41 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

They are TOP leasing companies and Banks.

4LFIN - LOFC  - VFIN -PABC - SAMP Empty Re: LFIN - LOFC - VFIN -PABC - SAMP Thu Dec 24, 2015 9:49 pm

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Harry82 wrote:By Dilanke Gunathilake  and Jaliya Seneviratne


President Maithripala Sirisena has decided to retain the hitherto imposed import tax of 5 per cent on imported electric vehicles, rejecting the 50 per cent tax proposed in Budget 2016.


This decision was taken at yesterday's Cabinet meeting which was reportedly skipped by Finance Minister Ravi Karunanayake. A number of UNP Ministers, including Malik Samarawickrama and Sagala Rathnayake, however agreed with the President's suggestion conceding that increasing the tax on electric vehicles was a mistake.

President Sirisena has said that although he is the Minister of Environment, he was not consulted when the decision to increase the tax was taken.
The government has decided not to subject vehicles imported on Letters of Credit opened prior to the presentation of Budget 2016, to new taxes proposed in the budget.
This decision was taken after President Sirisena tabled a proposal at yesterday's Cabinet meeting to this effect. Minister of Higher Education, Lakshman Kirielle said that Prime Minister Ranil Wickremesinghe had also mooted the same idea.
this is what called democracy in action.

when this proposal was proposed in the budget,  many forum members ( Including me ) criticized the present government about this move .

Now after a good thinking the Government has cancelled it proposed tax increase on Hybrid cars.


thank you Gentlemen for your decision.( better late than never ). Gives me HOPE that this  government is sensible and listening to the people views.

i know the former Royalist Mr Ranil Wickramasinghe will do more good things in 2016........

i also eagerly expect him to punish the wrong doers in the past government without fear, however big they are.

rendeer santa rendeer

5LFIN - LOFC  - VFIN -PABC - SAMP Empty Re: LFIN - LOFC - VFIN -PABC - SAMP Sat Dec 26, 2015 6:26 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Very Happy Very Happy

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