Tag: lbo
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 released on Thursday Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 […]
Setting the background to the 2005 budget speech Finance Minister Sarath Amunugama says the budget was prepared entirely by local experts without a single foreign expert
Setting the background to the 2005 budget speech Finance Minister Sarath Amunugama says the budget was prepared entirely by local experts without a single foreign expert. Setting the background to the 2005 budget speech Finance Minister Sarath Amunugama says the budget was prepared entirely by local experts without a single foreign expert. He said the […]
Railway to operate as a commercial enterprise within the department structure
The railway will operate as a commercial enterprise within the department structure, says the Finance Minister.The railway will operate as a commercial enterprise within the department structure, says the Finance Minister. Delivering the budget plans for 2005 Minister of Fianance, Sarath Amunugama said the railway authority law would be repealed but that the railway will […]
The fledgling software industry will get a leg up through concessional sops to achieve a US$ 1 bn export earnings by 2012
The fledgling software industry will get a leg up through concessional sops to achieve a US$ 1 bn export earnings by 2012.The fledgling software industry will get a leg up through concessional sops to achieve a US$ 1 bn export earnings by 2012. In order to support this industry, the public sector will be required […]
‘s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 released on Thursday Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 […]
Tigers blame Sri Lanka president for talks deadlock
Sri Lanka’s Tamil Tiger rebels accused President Chandrika Kumaratunga of “deceit” as she gave the guerrillas two weeks to decide if they wanted to revive stalled peace negotiations Sri Lanka’s Tamil Tiger rebels accused President Chandrika Kumaratunga of “deceit” as she gave the guerrillas two weeks to decide if they wanted to revive stalled peace […]
Petrol and diesel would be market priced in the future, Finance Minister says
In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced in the future. In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced […]
Houses for migrant workers and public servants and cess on contractors
The government plans to revive the local construction industry with housing schemes for migrant workers and public servants and a cess on contractors.The government plans to revive the local construction industry with housing schemes for migrant workers and public servants and a cess on contractors. The budget on Thursday announced that the Construction Industry Guarantee […]
The government has approached the Revenue Authority of Thailand and the ADB to move the Inland Revenue Department to a new administration structure from next year
The government has approached the Revenue Authority of Thailand and the ADB to move the Inland Revenue Department to a new administration structure from next year. This will include investment into human resources, automation, professional tax audits from next year. A new tax code is to also be rolled out shortly, Finance Minister Sarath Amunugama […]
Sri Lanka abandons single band VAT with triple layer and plans to tax weddings and related services at a higher rate of 18%
The government abandons single band VAT and is planning to tax weddings and wedding services, and reception hall rentals at a new higher rate of 18 percent.The government abandons single band VAT and is planning to tax weddings and wedding services, and reception hall rentals at a new higher rate of 18 percent. “The single […]
SME Bank and SME Fund to support small and medium enterprises.
The UPFA government’s maiden budget set aside Rs.26,561 mn to support production sector activities and SMEs.The UPFA government’s maiden budget set aside Rs. 26,561 mn to support production sector activities and SMEs. Production activities included the sectors of small and medium industries, agriculture, plantation, livestock, fisheries, enterprise development and tourism. However, the government hopes to […]
Tax break for agro sector to woo private investment
Agriculture is to be exempt from income tax, with earnings from the cultivation and sale of non-processed plants, non-taxable for five years from April 1 next year. Agriculture is to be exempt from income tax, with earnings from the cultivation and sale of non-processed plants, non-taxable for five years from April 1 next year. “This […]