Expressway tolls to be upped by 50%?



It is reported that the government has decided to increase company taxes and expressway tolls in the next fortnight.

It is also said that the finance ministry officials are currently finalizing the percentages of company tax increases.

However, it is reported that everything is set to increase the expressway tolls by more than 50%.

In addition, the government has also planned to increase fees charged for the approval of housing plans and a number of service related charges, during this month.

It is reported that these taxe hikes are being imposed to increase government revenue from 65% to 90% of the GDP.

Reports also indicate that many Sri Lankans are also opting to migrate overseas due to the increase of all costs in the country.


Exit mobile version