Tag: Budget

Oct 27, 2014 (LBO) –Sri Lanka’s Ceylon Chamber of Commerce welcomes the ‘National Budget of 2015’ which is presented to the parliament last week, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce welcomes the commitment to continued fiscal consolidation in the Budget 2015, […]

Oct 25, 2014 (LBO) – Sri Lanka president suggested the super markets to maintain value added tax (VAT) and national building (NBT) tax as at 100 million rupees per quarter.He also suggested to exempt all the small and medium businesses who earns 15 million rupees or below per year from VAT and NBT. The number […]

Oct 25, 2014 (LBO) – Sri Lanka President suggested to reduced value added tax to 11 percent and limited payee tax to 16 percent, thought the budget 2015.Sri Lanka plans to reduce budget deficit to 4.6 percent in 2015. Currently the value added tax is 12 percent in the island. The government plans to reduce […]

Oct 25, 2014 (LBO) – Sri Lanka budget 2015 suggests to reduce the chargers of the first 25 units of household water supply by 10 percent.Also budget 2015 plans to invest 750 million rupees to start new water supply schemes, giving more importance to places with kidney and water related diseases. President Mahinda Rajapaksa, in […]

Oct 25, 2014 (LBO) – Sri Lanka’s government to allocate 15,000 million rupees to develop irrigation system in the Island, President Mahinda Rajapaksa said presenting a budget for 2015.Sri Lanka which has a rich history in hydrology has some of the best man-made lakes in the world.Most of the island’s lakes or Samudraya’s were built […]

Oct 25, 2014 (LBO) – Sri Lanka government to increase replanting subsidy to small medium tea planters from 875,000 rupees to one million rupees per acre, President Mahinda Rajapaksa said presenting a budget for 2015.The extent of the island’s tea plantations is 206104 hectares of which 70 percent are small holdings that are cultivated by […]

Oct 25, 2014 (LBO) – Sri Lanka President in his capacity as the Minister of Finance said the government is expecting to increase the certified price for rubber to 300 rupees per kilogram and increase the Cess tax on rubber imports by 10 rupees per kilo.The funds will be allocated to modernise the Tea (TRI) […]

Oct 24, 2014 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees to minimum 15,000 rupees, President Mahinda Rajapaksa said presenting a budget for 2015.He said the budget 2015 targets to minimize the salary anomalies of the state sector. The cost of living allowance of the state employees will be […]

Oct 24, 2014 (LBO) – Sri Lanka president suggests to uplift the minimum salary of a private sector employee to 10,000 rupees from January 2015.He also suggest to increase minimum salary level by 500 rupees monthly for those who already get paid over 10,000 rupees per month. “The honorable speaker, I have seen the salaries […]

Oct 24, 2014 (LBO) – Sri Lanka President said that there will be no changes in the tax for liquor and tobacco due to the tax hike the government maid recently.President was presenting the budget for 2015 at the parliament. He said the government is expecting a 14,000 million rupees of additional income in 2015 […]

Oct 24, 2014 (LBO) – Sri Lanka state airlines, SriLankan and Mihin air to get 150 million US dollars in year 2015 as the last phase for the development of its servicers, President said presenting a budget for 2015 at the parliament. He said the two airlines have gained the capacity of handling 25 airlines […]

Oct 24, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa in his capacity as the Finance Minister currently delivers 2015 budget in Parliament. Watch Live: