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[…]The post Ways & Means: If There Is A Will, There Is A Way appeared first on Colombo Telegraph.
- Are We Bold Enough For A Radical Change? (Category: Breaking News)
- The Law’s Delays (Category: Breaking News)
- A Matter Of Scale (Category: Breaking News)
- Elementary, My Dear Watson (Category: Breaking News)
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Why is Singapore dollar strong and SL rupee weak? (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- Sajith defends progressive taxation, highlights inequality (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
Explosives hidden in ‘fly-away-kit’ in cargo hold by Menaka Akshi Fernando “Every May 3, for the past 34 years, like a bunch of anxious surfers, we catch the rising wave of grief, glide on the intensifying emotions for a while and fall back to our senses as the wave of reality breaks. Although words can […]
- Unleashing magicical moments (Category: Breaking News)
- What to do with Mattala Rajapaksa International Airport? (Category: Breaking News)
- Dinara, Methwan, Achinthya to fight for final spots today (Category: Breaking News)
- Hambantota’s “white elephant” records 10th cruise ship visit (Category: Breaking News)
After the increase in VAT from January 01, 2024, the overall construction expenses have increased by 20%, Chairman of the National Construction Association of Sri Lanka M.D. Paul said.The post Construction expenses in Sri Lanka rise by 20% after VAT hike appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Supplementary (Category: Business)
- Sri Lanka government relieves Central Cultural Fund from VAT due (Category: Breaking News)
- Spending Cuts (Category: Business)
- Sri Lankan government takes action to minimize expenses in public sector (Category: Breaking News)
[…]The post Sri Lanka 2023: Bouquets & Brickbats appeared first on Colombo Telegraph.
- The Ultimate Betrayal; Ranil’s Last Hurrah! (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Rise & Fall Of Nationalism In North & South (Category: Breaking News)
- India-Sri Lanka Economic Partnership & Ethnic Reconciliation (Category: Breaking News)
President Ranil Wickremesinghe emphasized that the nation cannot revert to a period marked by scarcity of fuel, lack of fertilizers, and economic collapse.
Sri Lanka President Ranil Wickremesinghe, issued an Extraordinary Gazette today (January 03) declaring the provision of several services in the country as essential services.The post Sri Lanka President issues gazette declaring several services as essential services appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President signs gazette declaring several services as essential (Category: Breaking News)
- Health, electricity and petroleum gazetted as essential services in Sri Lanka (Category: Breaking News)
- Sri Lanka declares health, petroleum, and electricity services as essential (Category: Breaking News)
- Electricity and Fuel supply declared as essential services in Sri Lanka (Category: Breaking News)
A proposal to select a prospective investor for the first phase of the development of 61 fuel storage tanks in the Upper Tank area of the China Bay Harbour of Trincomalee was approved at the Cabinet meeting held on Monday (01 Jan.).
A new year has dawned, and a nightmare is unfolding for the public. It is a case of the people’s worst fears being realised. The implementation of the enhanced VAT (Value Added Tax) regime has had the same effect as a dam burst, in a manner of speaking. People are struggling to keep their heads […]
- Private bus men vow action (Category: Breaking News)
- Private bus operators won’t reduce fares (Category: Breaking News)
- Fuel prices reduced from midnight yesterday (Category: Breaking News)
- Private buses stage protest in Jaffna and Attacks carried out against CTB buses (Category: Breaking News)
By Shamindra Ferdinando Even after imposing 18 percent Value Added Tax (VAT) on fuel with effect from January 1, the government continued to charge Rs 50 on a litre of both petrol and diesel purportedly to recover losses incurred by the highly corrupt state owned Ceylon Petroleum Corporation (CPC) over the years, Samagi Jana Balawegaya trade union […]
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
- SJB union boss says SL losing bunkering and lubricant markets to India, China (Category: Breaking News)
President Ranil Wickremesinghe today defended the revision of the Value Added Tax (VAT) which has already resulted in an increase in the price of gas and fuel. The President said that the Government’s commitment to a comprehensive program aimed at strengthening the country’s economy remains unwavering. “Contemplating the economic hardships confronting Lebanon, where an economic […...
- Oman Air decides to cancel flights to Colombo (Category: Breaking News)
- Sri Lankan investors invited to invest in Bangladesh (Category: Breaking News)
- JVP-led alliance invited for talks in Delhi for the first time (Category: Breaking News)
- Cabinet gives nod to establish investment zones in North (Category: Breaking News)
The Chairman of the National Transport Commission (NTC) Shashi Welgama says that despite the rise in fuel prices, there will be no corresponding increase in bus fares.
Gas and fuel prices have been increased in Sri Lanka with effect from today, 1st January. Litro said that the price of a 12.5 kg domestic gas cylinder has been increased by Rs. 685, the price of a 05 kg cylinder has been increased by Rs. 276 and the price of a 2.3 kg cylinder […]
- Fuel prices revised (Category: Breaking News)
- CPC, LIOC and Sinopec increase fuel prices (Category: Breaking News)
- Litro increases domestic gas prices (Category: Breaking News)
- Laugfs reduces the price of domestic gas (Category: Breaking News)
Fuel prices in Sri Lanka have been revised with effect from midnight on December 31, 2023.The post Sri Lanka revises fuel prices from December 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka revises fuel prices from July 31, 2023 (Category: Breaking News)
- Sri Lanka increases fuel prices from August 31, 2023 (Category: Breaking News)
- Sri Lanka revises fuel prices from October 31, 2023 (Category: Breaking News)
- Sinopec Lanka announces retail fuel prices for Sri Lanka (Category: Breaking News)
The Ceylon Petroleum Corporation (Ceypetco) announced that fuel prices will be revised with effect from 5.00 a.m. today (January 01).
Sri Lanka’s inflation rose to 4.0 percent in December, the third consecutive monthly rise as the cash-strapped nation was set to increase taxes from the New Year.The benchmark Colombo Consumer Price Index jumped by 1.7 points to reach 195.1, or a 4.0 percent increase compared to a year ago when inflation was 57.2 percent. The […]
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
Fuel demand in Sri Lanka has decreased by 50% during the current Christmas season compared to 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (December 28).The post Sri Lanka’s Fuel demand decreased by 50% in 2023 compared to 2022 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Filling stations experience sharp drop in fuel sales (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- Fuel consumption drops by 50% (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
Education of about 54.9 percent of Sri Lankan students has been affected by the economic crisis since March 2022, the latest Household Survey on Impact of Economic Crisis – 2023 by the Department of Census and Statistics reveals. Out of the respondents surveyed 93.5 percent have adopted at least one strategy to counter the impact […]
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- WFP finds 32 percent of Lankan households are food insecure (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- Poverty has increased from 11% to 26% during past four years (Category: Breaking News)
The demand for fuel during the current Christmas season had decreased by 50% compared to that in 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (28). The number of vehicles arriving at gas stations had dropped, and the amount of fuel dispensed for individual vehicles had also dropped, Rajapaksa said. […]
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
Fuel and Gas will be exempted from the Port and Airport Levy when imposing the Value Added Tax (VAT) from January 01, 2024, Tax Advisor of the Ministry of Finance, Thanuja Perera said today (December 28).The post Sri Lanka to remove 7.5% Port and Airport tax from Fuel & Gas but add 18% VAT appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to increase VAT to 18% (Category: Breaking News)
- Sri Lanka Government waives all duties on imported raw material for locally-made sanitary napkins (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Social Security Contribution Tax will increase Value Added Tax to 20% – Anura (Category: Breaking News)
Video: පෙට්රල්, ඩීසල්, ගෑස්වලට වැට් වදින්නේ මෙහෙමයි #fuel #srilankanews #prices #trending #trend...
- Video: Cabraal-missile is stronger than Indian Agni-V missile (Category: Video)
- Video: Dambulla Mosque controversy could have been solved peacefully (Category: Video)
- Video: Sajith issuing misleading statements - Tissa (Category: Video)
- Video: No need for permission - Sajith (Category: Video)
The Ports and Airports Development Levy (PAL) currently imposed on fuel and gas is set to be removed upon implementation of the revised Value Added Tax (VAT).
වෙනත් වර්ෂවලට සාපේක්ෂව මෙවර උත්සව සමයේ ඉන්ධන පාරිභෝජනය සැලකිය යුතු ලෙස අඩු වී ඇති බව ඛනිජ තෙල් බෙදුම්කරුවන්ගේ සංගමය පවසයි.
The Middle East conflagration has been brought very close to South Asia by a suspected drone attack a couple of days back on an Israel-linked chemical tanker headed for India, off the latter’s coast. The attack comes close on the heels of similar reported strikes on international tankers in the Red Sea, which have compelled […]
- Global lawlessness and the responsibilities of statehood (Category: Breaking News)
- Stage set for further escalation of Mid-East violence (Category: Breaking News)
- Dangerous persistence of identity issues (Category: Breaking News)
- Mid-East violence underscores need for Two-State solution (Category: Breaking News)
Video: CPC, LIOC, Sinopec directed to maintain minimum of 50% fuel stocks at all times (English)
- Video: Cabraal-missile is stronger than Indian Agni-V missile (Category: Video)
- Video: Dambulla Mosque controversy could have been solved peacefully (Category: Video)
- Video: Sajith issuing misleading statements - Tissa (Category: Video)
- Video: No need for permission - Sajith (Category: Video)
The Ceylon Petroleum Corporation (CEYPETCO), Lanka Indian Oil Corporation (LIOC) and Sinopec Energy Lanka have been directed to maintain 50% of their relevant fuel stocks, at minimum, at all filling stations.
The Fuel Distributors Association has guaranteed that fuel supply at all filling stations will remain uninterrupted during the festive season.
The Inland Revenue Department yesterday (21) issued the list of goods and services that would be exempted from the enhanced Value Added Tax (VAT) regime that comes into effect from 01 January 2024. The list of items included Wheat and wheat flour; infant milk powder; Pharmaceutical Products and Drugs (other than cosmetics) whose end use […]
- Tech Focus (Category: Business)
- Mobile Awareness (Category: Business)
- Tele Tracks (Category: Business)
- Post Loss (Category: Business)
Zionism plus impunity: By Bishop Duleep de Chickera When the Secretary General of the UN, condemned the Hamas attack of 7/10 and cautioned the world to see it in context, he came under harsh criticism from Israel. But he was right. It is misleading to enter a conflict in the middle of the story. The […]
- Palestine & Israel: Historical, Legal & Moral Issues (Category: Breaking News)
- 75 Years On: The Shameful Legacy Of The ‘Palestinian Nakba’ Continues! (Category: Breaking News)
- BIDEN’S COURAGEOUS VISIT TO ISRAEL ENDS IN ALMOST COMPLETE FAILURE (Category: Breaking News)
- Futility Of A ‘UN Day Of Palestinian Solidarity’ – In A World Carrying Its Past Guilt! (Category: Breaking News)
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