President promises fair solution to VAT issue
President Maithripala Sirisena yesterday promised that an uncomplicated decision will be taken on the VAT system following further talks with all stakeholders.
He made this observation during discussions with representatives of traders’ associations at the Presidential Secretariat on the VAT. Prime Minister Ranil Wickremesinghe and other ministers participated in the discussion. The President further said the main focus should be the consumer when the VAT issue is considered and assured that a suitable solution would be reached considering the problems of the business folk as well. The President also instructed that a representative of the traders’ associations participate at each meeting to be held on VAT together with the economic experts, ministers and public officials.
Meanwhile, Finance Minister Ravi Karunanayake speaking to the media following the discussions said that the discussions held on the (VAT) with representatives of traders’ associations was approximately 95 percent successful.
He also said that it was also not the final discussion on VAT. “The Government invited traders engaged in whole sale and retail businesses as well as delivery services to these discussions,”Finance Minister Karunanayake said.
“We pointed out as to how this VAT is implemented. Discussions were held in an amicable manner,” he added.
(Source: Daily News – By Sandasen MARASINGHE)
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Well Mr President if you take hasty decisions and introduce things abruptly these things do occur. Now is the damage control time. If you do not prepare you have to repair.
The Sena-Singhe Government has multiple Finance and Economic Ministers.
Ravi Karunanayake is the finance Minister (UNP) and then you have a nobody from the SLFP; there’s Amunugama, don’t know what he does.
The we have the Economic Expert, Prime Minster Ranil Wickremasinghe; he drives the disastrous economic future of this nation.
Now, we have a new player; HE Maithreepala Sisrisena.
All doing economics, my friends. They were scratching their undersides when Prez Mahinda was in the chair.
But the amude-wearing taxpayer who is the foundation of the economic system, it is a story of disaster; the farmer and the shopkeeper are the main contributors to VAT.
With 4 Ministers for Economics and Finance, the dreams of these daydreamers are biting the farmer and the shopkeeper and worst, it is biting the CONSUMER very badly.
Does anyone care? No one my friends, we are in the YAHAHAPALANA era !!!