As a surge in online transaction volume is expected with the rise in Covid-19 cases and casualties in the country, Minister Development Co-ordination and Monitoring, and State Minister Digital Technology and Enterprise Development Namal Rajapaksa assured that no tax will be imposed on online platforms.
Dismissing rumours that a tax will be slapped on online transactions, Rajakapsa affirmed the government will not be taxing online platforms, e-commerce platforms, or digital businesses anytime soon.
According to the Minister, relief will be offered for online businesses in the upcoming budget.
“Minister Basil Rajapaksa has assured me that he will make way for the rise of more such platforms,†he said in a statement over the weekend.
Rajapaksa stressed that the government is “reiterating†its position that it will make way for e-commerce platforms and digitalization.
“In recent discussions with Minister of Finance Basil Rajapaksa, I discussed the tremendous need for more businesses to go digital and to create more online platforms, especially since globally all countries are now adjusting to the post COVID world†he added.
The Cabinet of Ministers has granted approval for the import of up to 30,000 metric…
Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on Thursday for…
The Cabinet of Ministers has approved the extension of the compulsory age limit of retirement…
The Government of India has agreed to provide financial assistance amounting to Sri Lankan Rs.…
The Cabinet of Ministers has granted approval for the review of State-Owned Enterprises (SOEs) with…
In the Victorian Supreme Court on Thursday, Dinush Kurera, 47, blinked and looked straight ahead…
View Comments
Way to go....online platforms play an important part in covid infested Sri Lanka. More and more such platforms should be encouraged.