Extraordinary tax concession to be brought forward

Colombo (News1st): Speaking at a media briefing held at the Prime Minister's office last morning (December 1) SLFP MP Dullas Alahapperuma said that they awarded appointments to 14,000 Samurdi authorities the day before (November 30). He noted that three former ministers have stated that these appointments will be rejected under a new prime minister. He noted that these appointments are legal, constitutional and do not contain any form of defect. Minister Bandula Gunawardena also speaking at the media briefing noted that many Sri Lankans have taken their funds to foreign countries, and these funds remain abroad. He noted that to address this issue, they will provide an extraordinary tax concession that no government has ever granted before. Minister Gunawardena state that he had proposed that in order to bring back these funds, a new tax concession package and investment tax package should be brought forward. He said they will not question the mode or sources of funds and that they will provide a grace period of 1 year.