• #163, Kirulapone Avenue, Colombo 05, Sri Lanka
  • +94 112 51 5759

sintami

Plans to reduce indirect taxes to 60 percent: Minister Mangala

Media M news 2017 6 26Indirect taxes account for 80 percent of the government’s tax income. This will be brought down to 60 percent within the next two years bringing tangible relief and benefits to the innocent and poor people, Finance and Mass Media Minister Mangala Samaraweera said.

 



He said when indirect taxes levied on people’s daily essentials are reduced and the prices of goods will come down sharply.


“The increased income earned from direct taxes will be invested in mass scale projects to promote economic development,” Minister Samaraweera said.


The Minister expressed these sentiments when he called on the Malwatte Prelate at his temple in Kandy and received his blessings on 24th June.


He was accompanied by development strategies and International Trade Minister Malik Samarawickreme and Finance State Minister Eran Wickremaratne.


Minister Samaraweera said there was a large number of tax evaders among those liable to pay income tax. Even high income bracket doctors, lawyers and architects were among the tax evaders.


He said the country was in deep crisis when the government took over power after the last Presidential Election. On the other hand, there was a severe setback to democracy. Sri Lanka was isolated by the international community because democracy was in danger and media freedom was crushed with killing, abduction and torture of journalists.


“As a result of the action taken by the President and the Prime Minister to form a new consensus government by bringing together the two main parties, the future course of the country had been rebuilt on three strong edifies of democracy, harmony and development,” Minister Samaraweera said.


He said no country could march forward in isolation. The government had succeeded in winning over the maximum international confidence for the country within a short period. One of the striking benefits was the restoration of the GSP Plus facility and the removal of the prohibition on fish exports imposed by Europe.


“The good governance government had been able to re-establish and strengthen diplomatic ties with several counties and enter into free trade agreements with China, Singapore and India.


There was high international recognition of the program of work enunciated by the President and the Prime Minister and countries such as Russia and Australia had established enhanced high level diplomatic relations with Sri Lanka,” the Minister said.


He said Minister Ravi Karunanayake had rendered a great service by accepting the Finance Ministry portfolio at a most difficult time in the country’s history.


“The country was engulfed in a severe debt trap when the government assumed power and the debt burden was being systematically decreased today,” the Minister said. He said 17 essential items were brought under price control as soon as the government assumed power. He said attracting foreign investment was compulsory in order to develop the country.


Minister Samaraweera who also called on Ven. Dimbulkumbure Wimaladhamma and Ven. Niyangoda Sri Vijithasiri Anunayake Theras of the Malwatte Chapter, said the government was keeping a close tab on forces trying to take the country backwards.


The SAITM Private University was established during the time of former President Mahinda Rajapakse.


SAITM had a peaceful existence for five years but all opposition and demonstrations against it started after this government came to power. He said the GMOA staged a strike even without concern for the patients suffering from dengue.


Minister Samaraweera also called on the Asgiriya Prelate at his temple and resumed his blessings. (CDN)

LATEST POSTS

මාධ්‍ය නිවේදන 01- 31.05.2019

Friday, 31 May 2019 16:10

විදෙස් ගමන් බලපත් සංශෝධනය

මාධ්‍ය නිවේදන 01- 13.05.2019

Monday, 13 May 2019 15:11

වැඩ බලන ආරක්ෂක අමාත්‍ය

මාධ්‍ය නිවේදනය - 2019.05.11

Saturday, 11 May 2019 19:44
මාධ්‍ය නිවේදනය  - 2019.05.11

රජය හෝ ප්‍ර‍වෘත්ති දෙපාර්තමේන්තුව කිසිදු ආකාරයක මාධ්‍ය වාරණයක් සිදු කර...

මාධ්‍ය නිවේදන 01- 07.05.2019

Tuesday, 07 May 2019 12:08

අම්පාර දිස්ත්‍රික් - රට වෙනුවෙන් එකට සිටිමු වැඩසටහන සාර්ථකව ක්‍රියාත්මකයි

මාධ්‍ය නිවේදන 05- 06.05.2019

Monday, 06 May 2019 14:55

රට වෙනුවෙන් එකට සිටිමු අම්පාර දිස්ත්‍රික් වැඩසටහන්

මාධ්‍ය නිවේදන 04- 06.05.2019

Monday, 06 May 2019 11:50

ෂරියා විශ්වවිද්‍යාලය පිළිබඳව විශ්ව විද්‍යාල කොමිසන් සභාවේ අවධානය

ஊடக அறிக்கை 03- 06.05.2019

Monday, 06 May 2019 11:17

ஊடக அறிக்கை 03- 06.05.2019

Press Release 03- 06.05.2019

Monday, 06 May 2019 11:13

Stand together for the Country

මාධ්‍ය නිවේදන 03- 06.05.2019

Monday, 06 May 2019 11:04

රට වෙනුවෙන් එකට සිටිමු- අම්පාර වැඩසටහන ආරම්භ වෙයි.

මාධ්‍ය නිවේදන 02- 06.05.2019

Monday, 06 May 2019 10:59

රමළාන් මාසය ප්‍රයෝජනවත්ව ගත කරමු

The department assists media in a macro level in welfare, training, policy planning and accreditation, and providing easy access to Government news and information.