Sri Lanka's 🇱🇰 Finance Ministry Clarifies 2024 Tax Changes:
⭕️ Starting January 1, 2024, the Value Added Tax (VAT) ⬆️ will increase from 15% to 18%.
⭕️ Fuel and LP Gas, currently not subject to VAT, will also be charged at an 18% rate.
⭕️ However, the current Ports and Airports Development Levy (PAL) on Fuel and LP Gas will be removed from January 1st. Current PAL rates for Fuel and LP Gas are 7.5% and 2.5%, respectively.
⭕️Bottom line: if the CIF value of these two commodities remains the same,
📈 The price of LP gas will increase by ~16%.
📈 The price of Fuel will increase by ~12%.
A World Cup hero and legendary figure of Sri Lankan cricket takes his place in the ICC Hall of Fame 🏆⭐
More on Aravinda de Silva's superb career 📲 https://t.co/FpMPlqPlUA
SHOCKING SECRET: Sri Lanka Cricket contracted current Senior DIG Deshabandu Tennakoon for a secret consultancy role. Pay LKR 150,000 + 200 litres of petrol, and LKR 5K for calls in addition to laptop. Secrecy is paramount. Share on bonus, increments included!
Wishing the best of luck for the 1st XV Rugby team of Royal College for the 77th annual Bradby shield encounter held on the 22nd of July at the Trinity College Rugby stadium Pallekele.
#GoingFor7#WeBackTheTuskers
He was such a towering figure in our lives; we never thought he would leave us. My brother and I, and our children, pledge to strengthen his legacy and further his mission. RIP darling Thathie (father) Funeral details will be notified shortly #merrilljfernando#dilmah#20july23