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Four more taxes from November!

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The government will introduce four more taxes to increase the state revenue from November, Finance Ministry sources said.

It was reported that these taxes are named as wealth tax, land tax, property tax and estate tax and the percentages of the taxes have not been decided yet.

International support organizations including the World Bank have recommended to the government that the annual direct tax revenue currently received by the government should be increased.

These institutions have strongly recommended to the government that the state revenue of Rs.2,056 billion in 2022 should be increased to Rs.3,500 billion in 2023.

New taxes will be implemented based on these recommendations.

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Cabinet sub committee to study Middle East situation

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A Cabinet sub-committee has been appointed on June 23 to study the current situation in the Middle East.

Chaired by the Minister of Foreign Affairs, Foreign Employment & Tourism – Vijitha Herath, the ministers Wasantha Samarasinghe, Kumara Jayakody and Samantha Vidyarathna have been named as the other committee members.

Additionally, a committee of ministry secretaries have been appointed.

Meanwhile, speaking to media, Minister of Plantation and Community Infrastructure – Samantha Vidyarathna has said that the Government will take all possible measures to minimise the impact that the Israel-Iran conflict will have on local businesses, the country’s economy and the daily lives of all Sri Lankans.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held on June 23.

The decisions taken by the Cabinet of Ministers are as follows :

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Youth dies after being beaten with a helmet

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A young man has died after being assaulted with a helmet during an altercation in Halwathura, Bulathsinhala.

Police said the incident occurred following an argument between the victim and another individual.

The victim was initially admitted to Horana Hospital, later transferred to Colombo National Hospital, and then returned to Horana Hospital, where he succumbed to his injuries.

The deceased is a 30-year-old resident of Halwathura, Bulathsinhala, police said.

A 23-year-old suspect has been arrested in connection with the incident, and investigations are underway by the Bulathsinhala Police.

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