Written by Tharushan Fernando
01 Apr, 2016 | 7:43 pm
The Department of Fiscal Policy of the Finance Ministry says that a number of tax amendments that were to come into effect on Friday, April 1, have been postponed.
This situation was confirmed to News 1st by the Director General of the Department.
A number of tax amendments, presented through the budget, came in to effect on the very same day, while others came in to effect on the 1st of January 1. Several tax amendments including VAT were to come in to effect from today.
On March 8, the Prime Minister presented a number of tax amendments to parliament which included the increase of VAT.
The tax amendments have been forwarded to Department of the Legal Draftsman. The Director General of the Department of Fiscal Policy added that these proposals will be presented to parliament in the near future.
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