Tax reductions promised by Mahinda from January onward - Lanka News Web (LNW)

Tax reductions promised by Mahinda from January onward

Ministry of Finance and Economic Affairs says that certain reliefs, promised by Mahinda Rajapaksa after he assumed duties as the Prime Minister, will be given from January 1st, 2019 onward.

In order to reduce VAT, telephone charges and Nation Building Tax, the Inland Revenue Act must be amended, said Ministry of Finance and Economic Affairs.

A senior spokesperson of that ministry stated that tax amendments cannot be immediately implemented, and they must be approved by both the Cabinet and Parliament.

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