The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CCS.N0000 ( Ceylon Cold Stores)Wed Mar 20, 2024 11:31 amHawk Eye
When Will It Be Safe To Invest In The Stock Market Again?Wed Apr 19, 2023 6:41 amකිත්සිරි ද සිල්වා
Dividend AnnouncementsWed Apr 12, 2023 5:41 pmකිත්සිරි ද සිල්වා
MAINTENANCE NOTICE / නඩත්තු දැනුම්දීමThu Apr 06, 2023 3:18 pmකිත්සිරි ද සිල්වා
SEYB.N0000 (Seylan Bank PLC)Thu Mar 30, 2023 9:25 amyellow knife
The Korean Way !Wed Mar 29, 2023 7:09 amකිත්සිරි ද සිල්වා
In the Meantime Within Our Shores! Mon Mar 27, 2023 5:51 pmකිත්සිරි ද සිල්වා
What is Known as Dementia?Fri Mar 24, 2023 10:09 amකිත්සිරි ද සිල්වා
SRI LANKA TELECOM PLC (SLTL.N0000)Mon Mar 20, 2023 5:18 pmකිත්සිරි ද සිල්වා
THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)Mon Mar 20, 2023 5:10 pmකිත්සිරි ද සිල්වා
Equinox ( වසන්ත විෂුවය ) !Mon Mar 20, 2023 4:28 pmකිත්සිරි ද සිල්වා
COMB.N0000 (Commercial Bank of Ceylon PLC)Sun Mar 19, 2023 4:11 pmකිත්සිරි ද සිල්වා
REXP.N0000 (Richard Pieris Exports PLC)Sun Mar 19, 2023 4:02 pmකිත්සිරි ද සිල්වා
RICH.N0000 (Richard Pieris and Company PLC)Sun Mar 19, 2023 3:53 pmකිත්සිරි ද සිල්වා
Do You Have Computer Vision Syndrome?Sat Mar 18, 2023 7:36 amකිත්සිරි ද සිල්වා
LAXAPANA BATTERIES PLC (LITE.N0000)Thu Mar 16, 2023 11:23 amකිත්සිරි ද සිල්වා
What a Bank Run ?Wed Mar 15, 2023 5:33 pmකිත්සිරි ද සිල්වා
104 Technical trading experiments by HUNTERWed Mar 15, 2023 4:27 pmkatesmith1304
GLAS.N0000 (Piramal Glass Ceylon PLC)Wed Mar 15, 2023 7:45 amකිත්සිරි ද සිල්වා
Cboe Volatility Index Tue Mar 14, 2023 5:32 pmකිත්සිරි ද සිල්වා
AHPL.N0000Sun Mar 12, 2023 4:46 pmකිත්සිරි ද සිල්වා
TJL.N0000 (Tee Jey Lanka PLC.)Sun Mar 12, 2023 4:43 pmකිත්සිරි ද සිල්වා
CTBL.N0000 ( CEYLON TEA BROKERS PLC)Sun Mar 12, 2023 4:41 pmකිත්සිරි ද සිල්වා
COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))Fri Mar 10, 2023 4:43 pmyellow knife
Bitcoin and Cryptocurrency Fri Mar 10, 2023 1:47 pmකිත්සිරි ද සිල්වා
CSD.N0000 (Seylan Developments PLC)Fri Mar 10, 2023 10:38 amyellow knife
PLC.N0000 (People's Leasing and Finance PLC) Thu Mar 09, 2023 8:02 amකිත්සිරි ද සිල්වා
Bakery Products ?Wed Mar 08, 2023 5:30 pmකිත්සිරි ද සිල්වා
NTB.N0000 (Nations Trust Bank PLC)Sun Mar 05, 2023 7:24 amකිත්සිරි ද සිල්වා
Going South Sat Mar 04, 2023 10:47 amකිත්සිරි ද සිල්වා
When Seagulls Follow the TrawlerThu Mar 02, 2023 10:22 amකිත්සිරි ද සිල්වා
Re-activatingSat Feb 25, 2023 5:12 pmකිත්සිරි ද සිල්වා
SAMP.N0000 (Sampath Bank PLC)Wed Nov 30, 2022 8:24 amකිත්සිරි ද සිල්වා
APLA.N0000 (ACL Plastics PLC)Fri Nov 18, 2022 7:49 amකිත්සිරි ද සිල්වා
AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.Wed Nov 16, 2022 9:28 pmකිත්සිරි ද සිල්වා
Banks, Finance & Insurance Sector ChartTue Nov 15, 2022 5:26 pmකිත්සිරි ද සිල්වා
VPEL.N0000 (Vallibel Power Erathna PLC)Sun Nov 13, 2022 12:15 pmකිත්සිරි ද සිල්වා
DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.Mon Nov 07, 2022 6:36 pmකිත්සිරි ද සිල්වා
WATA - WatawalaSat Nov 05, 2022 8:44 amකිත්සිරි ද සිල්වා
KFP.N0000(Keels Food Products PLC)Sat Nov 05, 2022 8:42 amකිත්සිරි ද සිල්වා
Capital Trust Broker in difficulty?Fri Oct 21, 2022 5:25 pmකිත්සිරි ද සිල්වා
IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?Thu Oct 20, 2022 10:13 amකිත්සිරි ද සිල්වා
What Industry Would You Choose to Focus?Tue Oct 11, 2022 6:39 pmකිත්සිරි ද සිල්වා
Should I Stick Around, or Should I Follow Others' Lead?Tue Oct 11, 2022 9:07 amකිත්සිරි ද සිල්වා
DV-2024 Program: Online RegistrationThu Oct 06, 2022 11:26 amකිත්සිරි ද සිල්වා
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
Future123
Active Member
Active Member
Posts : 1435
Join date : 2014-04-09

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

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
sashimaal
sashimaal
Top contributor
Top contributor
Posts : 5785
Join date : 2014-02-28

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

Wed Oct 26, 2016 7:30 pm
Message reputation : 100% (1 vote)
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.
avatar
Future123
Active Member
Active Member
Posts : 1435
Join date : 2014-04-09

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

Wed Oct 26, 2016 11:19 pm
Message reputation : 100% (1 vote)
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.
sashimaal
sashimaal
Top contributor
Top contributor
Posts : 5785
Join date : 2014-02-28

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

Wed Oct 26, 2016 11:40 pm
Message reputation : 100% (2 votes)
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.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum