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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Parliament approves Sri Lanka's much delayed VAT bill EmptyFri Jul 19, 2024 10:30 am by faithhharris

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Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Parliament approves Sri Lanka's much delayed VAT bill EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

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Parliament approves Sri Lanka's much delayed VAT bill EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Parliament approves Sri Lanka's much delayed VAT bill EmptyThu Mar 30, 2023 9:25 am by yellow knife

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Parliament approves Sri Lanka's much delayed VAT bill EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Parliament approves Sri Lanka's much delayed VAT bill EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
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» SRI LANKA TELECOM PLC (SLTL.N0000)
Parliament approves Sri Lanka's much delayed VAT bill EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Parliament approves Sri Lanka's much delayed VAT bill EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Parliament approves Sri Lanka's much delayed VAT bill EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Parliament approves Sri Lanka's much delayed VAT bill EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Parliament approves Sri Lanka's much delayed VAT bill EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Parliament approves Sri Lanka's much delayed VAT bill EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Parliament approves Sri Lanka's much delayed VAT bill EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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» What a Bank Run ?
Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

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Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

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Parliament approves Sri Lanka's much delayed VAT bill EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Parliament approves Sri Lanka's much delayed VAT bill EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

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» TJL.N0000 (Tee Jey Lanka PLC.)
Parliament approves Sri Lanka's much delayed VAT bill EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

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Parliament approves Sri Lanka's much delayed VAT bill EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

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» Re-activating
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» අපි තමයි හොඳටම කරේ !
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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Parliament approves Sri Lanka's much delayed VAT bill EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Parliament approves Sri Lanka's much delayed VAT bill EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Parliament approves Sri Lanka's much delayed VAT bill EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Parliament approves Sri Lanka's much delayed VAT bill EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Parliament approves Sri Lanka's much delayed VAT bill EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Parliament approves Sri Lanka's much delayed VAT bill EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Parliament approves Sri Lanka's much delayed VAT bill

    Future123
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    Future123
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    • Post n°1

    Parliament approves Sri Lanka's much delayed VAT bill Empty Parliament approves Sri Lanka's much delayed VAT bill

    Post by Future123 Wed Oct 26, 2016 7:16 pm

    Another gift by YP for the people of Sri Lanka. People should not vote for the politicians who voted in favour of VAT.

    ECONOMYNEXT - Sri Lanka's parliament Wednesday approved the controversial bill to amend for Value Added Tax with 112 members voting for and 46 against.

    Deputy Speaker Thilanga Sumathipala told the assembly that the amendment bill was now approved and will become law as soon as Spreaker Karu Jayasuriya gives his assent.

    The Supreme Court informed parliament Tuesday that the bill was not inconsistent with the constitution. The Rajapaksa faction of the opposition had challenged the VAT bill which was once shot down because it was not properly introduced in parliament.

    Sri Lanka earlier tried to slap the tax on a 'minister's prerogative' an unconstitutional and undemocratic practice was halted by court.

    Critics say Sri Lanka's parliament had become a rubber stamp to the finance minister and Treasury mandarins who slap tax by midnight gazette. (COLOMBO, October 26, 2016)

    http://www.economynext.com/Parliament_approves_Sri_Lanka_s_much_delayed_VAT_bill-3-6456-1.html
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    sashimaal
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    • Post n°2

    Parliament approves Sri Lanka's much delayed VAT bill Empty Re: Parliament approves Sri Lanka's much delayed VAT bill

    Post by sashimaal Wed Oct 26, 2016 7:30 pm

    Issue is with the process. RK lacks ground level understanding.

    15% VAT is a good thing for the economy / needed as at now.
    I don't think any economist will disagree. Only emotionally and politically driven people will shout.

    Having too many industries getting exemptions was one of the criticisms previous Govt had and rightfully so.
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    Future123
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    • Post n°3

    Parliament approves Sri Lanka's much delayed VAT bill Empty Re: Parliament approves Sri Lanka's much delayed VAT bill

    Post by Future123 Wed Oct 26, 2016 11:19 pm

    It's too bad taxing 15% from a heart patient coming for a surgery. It's like drakula sucking blood. It's the first time in the history of Sri Lanka where a tax of this nature being charged. Rich people won't surely feel the pain whereas middle class like me will suffer more. This is why rich still support these taxes and middle class and poor resist.

    Also 15% on internet is not a good thing where as an emerging nation we move towards IT.




    sashimaal wrote:Issue is with the process. RK lacks ground level understanding.

    15% VAT is a good thing for the economy / needed as at now.
    I don't think any economist will disagree. Only emotionally and politically driven people will shout.

    Having too many industries getting exemptions was one of the criticisms previous Govt had and rightfully so.
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    sashimaal
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    • Post n°4

    Parliament approves Sri Lanka's much delayed VAT bill Empty Re: Parliament approves Sri Lanka's much delayed VAT bill

    Post by sashimaal Wed Oct 26, 2016 11:40 pm

    Charging VAT on in-patient healthcare (room charges and consultation) is one aspect and it is clearly wrong. That is why i said RK doesn't have ground level understanding. I don't know why it is continuing against all the controversy.

    But 15% VAT is not only that. Much broader application.

    Since you are not intelligent enough to discuss without bringing personal matters i will stop this discussion here. Those who know me know who i am and those who know you knows who you are Very Happy



    Future123 wrote:It's too bad taxing 15% from a heart patient coming for a surgery. It's like drakula sucking blood. It's the first time in the history of Sri Lanka where a tax of this nature being charged. Rich people won't surely feel the pain whereas middle class like me will suffer more. This is why rich still support these taxes and middle class and poor resist. I will not bother if I'm in top 20 shareholder list in many companies.

    Also 15% on internet is not a good thing where as an emerging nation we move towards IT.




    sashimaal wrote:Issue is with the process. RK lacks ground level understanding.

    15% VAT is a good thing for the economy / needed as at now.
    I don't think any economist will disagree. Only emotionally and politically driven people will shout.

    Having too many industries getting exemptions was one of the criticisms previous Govt had and rightfully so.
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    • Post n°5

    Parliament approves Sri Lanka's much delayed VAT bill Empty Re: Parliament approves Sri Lanka's much delayed VAT bill

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