21 Acts to be revamped for Budget boost

nBetting and Gaming, Excise Acts to also get amendments

Cabinet approval was given yesterday to revamp a slew of Acts to pave way for 2013 Budget proposals to be implemented.

Accordingly, a total of 21 new bills will be presented to Parliament in the coming weeks. These include amendments to the Value Added Tax Act, Inland Revenue Act, Nation Building Tax, Ports and Airports, Economic Service Charge, Finance Act, Tax Appeals commission and Customs Ordinance.

Interestingly, the Betting and Gaming (Amendment) Bill will also be presented to Parliament along with Strategic Development Projects (Amendment) Bill and Excise Ordinance (Amendment) Bill.

Marriage registration legislation will also be revamped with Kandyan marriage and divorce laws as well as Muslim marriage regulations being changed.