Mar 06, 2019

New tax: Govt. clings on the internet for dear life!

Due to the new tax introduced by the budget proposals put forward by Finance Minister Mangala Samaraweera yesterday (5th) price of imported goods paid by credit cards or debit cards could increase and accordingly, such online transactions could be discouraged, Experts say.

It has been proposed through the budget to impose a 3.5 percent Nation Building Tax on overseas payment via the Internet.

But, last night, participating the Neth F. M.'s Unlimited Kanapita program Senior Lecturer of the University of Colombo, Dr. Priyanga DunuSinghe, said that the new tax is a great source of revenue for the government.

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