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No smoke, tv without tax
Friday, 17 March 2006 - 4:16 AM SL Time
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President Mahinda Rajapaksa said yesterday plans were underway to boost state revenue. One move is to ban Sri Lankans from buying cigarettes at the duty free shop. 'We are losing valuable foreign exchange whilst the Government is also deprived of tax revenue,' he said. The Government last year collected Rs. 31 billion in revenue on tobacco taxes and levies.
Another move which is also partly a revenue exercise is a higher levy on television channels. The Government plans to encourage only a minimum of three channels per company and anything higher would be subject to higher annual payment. At present the levy per channel is Rs. 50,000. The country has also exhausted the available frequencies for television channels and this move is likely to make room for newcomers or full use of existing rights. The Government also believes that TV stations were making good profits.
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pacha
Joined: Feb 2005
Posts: 72
Member Profile
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17 Mar 2006 08:55:41 GMT Report for Abuse
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| President plans to increase the state revenue by increasing anual payment of Tv channels? how many channel do we have? say we have 10 channels by increasing the current levy by even 100% it will be only 10*50000= Rs. 500,000 revenue, by getting this 500,000 ruppees president can implement his chinthanaya. nice idea isnt it? |
tamilcanuck
Senior Member
Joined: Nov 2005
Posts: 4643
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17 Mar 2006 20:28:23 GMT Report for Abuse
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| Is rajah beedi still being sold in Lanka! |
sangadasa
Joined: Feb 2005
Posts: 14
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17 Mar 2006 21:12:40 GMT Report for Abuse
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| The President is talking some nonsense. How can he increase the Foreign Exchange by banning Sri Lankans to buy Cigarettes in Duty Free shops? All persons have to pay normally in Foreign Currency to buy articles in Duty Free Shops. He his discriminating the Sri Lankans. |
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