Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Sri Lanka’s policy of Going Forward not what you see: Deputy Affairs Minister

Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would get the private sector and industry involved for a better economic policy in going forward. This is not necessarily means our policy Going Forward,"

Our policy Going Forward will be formulated via discussion with industry and looking at evidence from the past,"

You must consider many of these are one-time adjustments that will not be repeated in the future. That is the way you need to look at it. he said.

The new government’s interim budget 2015 has been dubbed as a Robin Hood budget in various fora as its fulfilment of election promises and heavily imposed tax on private sector and industries.

This has been done in just 20 days, Dr. de Silva said at the LBR/LBO CEO Forum answering a question from the audience about tax on hybrid vehicles.