Finance Act amendments presented to House

Aiming to regularise vehicle imports in identified categories and adjust several levies, the Government yesterday moved an amendment to the Finance Act in Parliament.

Minister of Lands and Parliamentary Reforms and Chief Government Whip Gayantha Karunatileka moved the motion.

The Bill will amend the Finance Act No. 25 of 2003, the Finance Act No. 5 of 2005, the Finance Act No. 12 of 2012, the Finance Act No. 16 of 1995 and the Finance Act No. 10 of 2015; and provide for the imposition of the Luxury Tax on Motor Vehicles, Vehicle Entitlement Levy, Annual Company Registration Levy, Debt Repayment Levy, Carbon Tax, Cellular Tower Levy and Mobile Short Message Service Levy. (AH)