Tax on money transfers to be removed

President Maithripala Sirisena yesterday, ordered the removal of taxes or other charges on the transfers of money from foreign countries to Sri Lanka. He pointed out that this move would increase foreign exchange in Sri Lanka.

The President issued these instructions at the National Economic Council meeting chaired by him at the Presidential Secretariat.

The National Economic Council is to design a regularizing programme to secure consumers from traders who make unprecedented profits when supplying goods and services.

An extensive discussion with regards to the issue took place when the National Economic Council met yesterday, under the headship of President Maithripala Sirisena.

The NEC discussion also focused on import management, export promotions and on increasing foreign reserves. The discussion was focused on giving concessionaires and providing tax releases for exports.

The President also gave directions to accelerate the construction of fuel pipe system from Colombo Port to Kolonnawa and to find solutions for the construction issues that had risen at the Mahawatta area.

Japanese Ambassador to Sri Lanka Kenichi Suganuyma presented the Power and Energy Plan until year 2030, funded by the Japanese Government to President Sirisena at the NEC meeting. Special Representative of JAICA Fusato Tanaka was also present at the occasion.

NEC Ministers, Mangala Samaraweera, Mahinda Samarasinghe, Arjuna Ranatunga, Ranjith Siyambalapitiya, Kabhir Hashim, State Minister Ajith P. Perera, President Secretary Udaya R. Seneviratne, NEC Secretary Professor Lalith Samarakoon and other officers were present at the meeting.

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