{"id":94112,"date":"2019-10-20T10:57:59","date_gmt":"2019-10-20T17:57:59","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=94112"},"modified":"2019-10-20T10:57:59","modified_gmt":"2019-10-20T17:57:59","slug":"gotabaya-promises-sweeping-tax-cuts","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/10\/20\/gotabaya-promises-sweeping-tax-cuts\/","title":{"rendered":"Gotabaya promises sweeping tax cuts"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>\u00a0Ishara Silva\u00a0 Courtesy Ceylon Today<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka Podujana Peramuna (SLPP) Presidential Candidate, Gotabaya Rajapaksa said that under his rule, the existing VAT will be reduced to 8% and taxes imposed on salaries of labourers and middle-class workers will be removed.<\/p>\n\n\n\n<p>He said that the VAT which was previously at 20% has been reduced to 11% by the then Mahinda Rajapaksa Government but this Government increased it to 15%.<\/p>\n\n\n\n<p>Also, steps will be taken to relax taxes on agricultural produce, while removing other taxes such as the telephone tax, he added.<\/p>\n\n\n\n<p>Rajapaksa stressed that under his Government, various taxes that have become a huge problem to businessmen will also be removed and a simple tax system will be implemented.<\/p>\n\n\n\n<p>Addressing the Tea Factory Owners&#8217; Convention held at the Sri Lanka Foundation Institute on 15 October and the public rally held in Balangoda yesterday (16), he made these statements.<\/p>\n\n\n\n<p>Rajapaksa further stated that all these taxes will be properly reviewed and the country&#8217;s economy will be strengthened through a simple tax system that won&#8217;t be a burden to the public.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Ishara Silva\u00a0 Courtesy Ceylon Today Sri Lanka Podujana Peramuna (SLPP) Presidential Candidate, Gotabaya Rajapaksa said that under his rule, the existing VAT will be reduced to 8% and taxes imposed on salaries of labourers and middle-class workers will be removed. He said that the VAT which was previously at 20% has been reduced to 11% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159,6],"tags":[],"class_list":["post-94112","post","type-post","status-publish","format-standard","hentry","category-gotabaya-rajapaksa","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/94112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=94112"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/94112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=94112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=94112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=94112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}