27 C
Colombo
Wednesday, October 5, 2022

Finance Bill passed with amendments

- Advertisement -

The Finance Bill debated in Parliament today (7) was passed with amendments by a
majority vote.

During the second reading of the Bill, Chief Opposition Whip Lakshman Kiriella called
for a division and second reading of the Bill was passed with 134 parliamentarians
voting in favour and 44 voting against the Bill.

The Finance Bill was moved to enable persons to voluntarily disclose undisclosed taxable supplies, income and assets required to be disclosed under certain laws as well as to provide for the imposition of a tax on the taxable supplies, income, and assets so disclosed.

The Bill also provides an opportunity to invest an amount equal to the undisclosed tax value, in shares issued by a company, Treasury Bills issued by the Central Bank, credit securities issued by a company in Sri Lanka and movable or immovable property.

Meanwhile, the Securities and Exchange Commission of Sri Lanka Bill, which was taken
up for debate today, was passed with amendments without a vote.

A resolution under the Essential Public Services Act, an Order under the
Excise (Special Provisions) Act and three regulations under the Imports and Exports
(Control) Act were also approved by Parliament today.

RECENT ARTICLES - SINHALA

නාමල් රාජපක්ෂටත් මන්දපෝෂණය..! – විමලවීර දිසානායක

මන්දපෝෂනය සම්බන්ධව ඇතැමුන් ගොඩ නගන තර්කය නිවැරදි නම් නාමල් රාජපක්ෂට මෙන්ම තමාට ද මන්දපෝෂණය තිබිය යුතු බව දිගාමඩුල්ල දිස්ත්‍රික් ශ්‍රී ලංකා පොදුජන...

බුද්ධිමතුන්ව කපලා; මාවත් කපලා..! – දයාසිරි

කෝප් සහ කෝපා කමිටු වල සිටි බුද්ධිමතුන් පිරිස මෙවර ඉවත්කර ඇති බවත් තමාවත් ඉවත් කර ඇති බවටත් ශ්‍රී ලංකා පොදුජන පෙරමුණේ කුරුණෑගල...

සිංගප්පූරුවෙදි අර්ජුන මහේන්ද්‍රන් එක්ක දවල්ට කෑවෙ නෑ..! – රනිල්

ජපානයට යන අතරතුර සිංගප්පූරුවේ දී කුප්‍රකට අර්ජුන මහේන්ද්‍රන් සමඟ තමා දිවා ආහාරය ගත් බවට පැතිර යන කට කතාව අමූලික බොරුවක් බව ජනාධිපති...

RECENT ARTICLES - ENGLISH

Tom Moody and Sri Lanka Cricket to part ways

0
Former Sri Lankan Head Coach Tom Moody, who joined Sri Lanka Cricket once again last year as the director of cricket for...

Temples to switch off lights on Poya Day to protest tariff hike?

0
A proposal has been presented to the Central Province Maha Sangha Sabha to turn off the lights within all temples across the...

Horrific details about captivity of 7 Sri Lankans by Russian soldiers revealed

0
A Ukrainian journalist and the Kharkiv region’s police have disclosed appalling details about the torture the seven Sri Lankans endured while they...