GOSL intensifies taxation, straining financially burdened citizens: NPP

Date:

January 01, Colombo (LNW): The government of Sri Lanka is further burdening an already financially strained populace through continuous taxation, National Peoples Power (NPP) member Nalin Hewage asserted.

He emphasised the significant impact on citizens, who now have to bear the brunt of paying Rs. 150 for each litre of petrol and diesel.

Highlighting the interconnectedness of energy sources, Hewage noted that since electricity generation relies on diesel, the exorbitant fuel prices make it impractical for factories or businesses to operate efficiently.

Expressing concern over the recent Value Added Tax (VAT) hike, the NPP member warned of adverse consequences for the manufacturing sector, and anticipated a decline in production capacity and foresees potential job losses, attributing these negative outcomes to the government’s taxation policies.

This critique suggests a broader impact on the economy, emphasising the need for a comprehensive and sustainable approach to address the challenges faced by both individuals and industries.

Share post:

spot_imgspot_img

Popular

More like this
Related

WEATHER FORECAST FOR 21 JUNE 2025

Showers will occur at times in the Western and...

Prima KottuMee Spices Up Schools Rugby Season 2025

June 20, Colombo (LNW): Prima KottuMee reaffirms its...

Sri Lanka Seeks Stronger Private Sector Ties with Bangladesh to Boost Trade and Investment

Deputy Minister of Foreign Affairs Arun Hemachandra has underscored Sri Lanka’s...

Kumana Entrance to Yala National Park Reopens for Annual Kataragama Pilgrimage

The Kumana entrance on the eastern edge of Yala National Park is set...