5 Acts to be amended to boost revenue; Rs. 695 b supplementary budget coming

Tuesday, 31 May 2022 11:17 - - {{hitsCtrl.values.hits}}

The Cabinet of Ministers has approved a proposal by Prime Minister and Finance Minister Ranil Wickremesinghe to amend five Act of Parliament to boost Government revenue The five are - Inland Revenue Act - VAT Act - Telecommunication Levy Act - Betting & Gaming Levy Act - Fiscal Management Act. The move is in line with the new interim government pronouncements that State revenue has to be considerably increased to meet essential expenditure amidst economic crisis. The Government has announced a relief Budget as an interim measure. Cabinet on Monday also approved to present a Rs. 695 billion supplementary budget to Parliament.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.