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COPF Approves VAT Increase to 18% with Amendments

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6 months ago

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The Committee on Public Finance (COPF) has approved the increase of the Value Added Tax (VAT) to 18 percent subjected to amendments, Committee Chairman Harsha de Silva told Parliament today.

Dr. De Silva said the COPF had recommended waiving the VAT for infant foods, medical equipment and fertilizers.

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Vesak Full Moon Poya today!

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7 mins ago

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May 23, 2024

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Buddhists all over the world celebrate the Vesak Full Moon Poya Day today (23).

Buddhists commemorate Siddhartha Gautama’s birth, the enlightenment of the Buddha, and the passing away on the Vesak Full Moon Poya Day.

Vesak Poya Day holds special significance for Sri Lanka as it marks the day when Lord Buddha visited Kelaniya at the invitation of Naga King Maniakkhika.

Additionally, other important events in Sri Lankan history took place on Vesak Full Moon Poya Day, including the arrival of Prince Vijaya and the commencement of the construction of Ruwanweli Seya by King Dutugemunu.

Renowned Venerable Ananda Thero also passed away on Vesak Poya Day.

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278 prison inmates to be pardoned

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10 hours ago

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May 22, 2024

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A total of 278 inmates at prisons across the island will be released tomorrow in view of Vesak festival, the Prisons Department said.

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Parliament suspended due to lack of quorum

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10 hours ago

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May 22, 2024

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Parliament sessions were abruptly suspended until June 04 due to a lack of quorum. 

There were less than 20 member present during the time of suspension. 

MP Jagath Samarawickrama was at the Chair.

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