Tagged: Ravi Karunanayake Toggle Comment Threads | Keyboard Shortcuts

  • DZONE 12:39 pm on November 23, 2015 Permalink | Reply
    Tags: , Budget 2016 review, , Budget review, budget sri lanka, Income Tax changes, Ravi Karunanayake, rranil wickramasinghe, , , Yahapalanaya   

    Sri Lanka Budget 2016 – Review 

    Sri Lanka’s Budget proposals for the next year presented in parliament by the Minister of Finance Ravi Karunanayake has proposed several concessions to the public and industries.

    “The progressive tax rates applicable to individuals will be removed by increasing the tax free allowance to Rs 2.4 million per year (Rs 200,000/- per month) and any balance will be liable at the standard rate of 15% (flat rate)”

    Review –  (More …)

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    • Lahiru Senanayake 8:37 pm on November 28, 2015 Permalink | Reply

      Comment from Dr Lahiru Senanayake:

      Concessionary vehicle permits were given to executive grade officers in the government sector as the government can’t give them a vehicle with driver and fuel to which they are entitled.

      Government salary compression ratio is 1:4 which means the lowest salary is 11700 (that is to an unskilled laborer who joins today ) and maximum is four times of it = 46800 (that is to the Secretary of the ministry ) so for example a surgeon who retire next month will get a basic salary less than 46800. MRCS qualified surgeons get over 3 million basic salary in UK, Australia, Singapore new Zealand and most EU countries .

      You know my basic salary is 26160 and that is what i get if i retire without anymore qualifications and that is what considered for bank loans.

      Permit was given to keep the doctor and other qualified professionals in the country as an insensitive . They are entitled to permit after five years of service where as MPs and provincial counselors get it the day they enter parliament or council. They get 100% Concession where as others get 40% tax concession not 100%. So all MPs have taken their permit vehicles by now.

      If they gave me a vehicle driver and fuel it could have cost around one lak a month. So for five years its 6 millions instead they give the permit so i can buy a vehicle worth 25000$ cif with 40% tax concession . If i buy a vehicle worth maximum that is 25000$= 3.6 million rupees CIF. Tax is around 300% so its 10.8 million rupees and the 40% concession reduces 4.32 million rupees and i can buy the vehicle for 3.6+6.48 =10.08 million rupees. So government gives me 4.32 concession and avoid paying 6 millions that was the logic. So what i think is government must give employees what they are entitled not permits

      • Your Grandma 1:09 am on December 1, 2015 Permalink | Reply

        Hello,

        First of all, it’s “incentive”, not INSENSITIVE. Please feel free to migrate to a different country if you feel your efforts are unappreciated here. The money that finances your permits doesn’t grow on trees. They are funded by the tax payers of this country. Do you know what else was funded by the tax payers of this country? YOUR MEDICAL EDUCATION. Did you know that doctors in the UK, Australia and all the other countries you mentioned paid for their medical education? They didn’t get it for free like you did. Your salary is quite significant compared to what is considered the average wage rate in Sri Lanka. Please stop trying to milk the tax payers dry. We would be happy to see you and your ego pack your bags and leave to greener pastures where you will be handsomely paid. Please don’t forget to reimburse us (the tax payers) for your education before you leave.

        Thanks!

  • DZONE 2:19 pm on November 22, 2014 Permalink | Reply
    Tags: , Athuraliye Rathana, , , Duminda Dissanayake, , Maduluwawe Sobhitha, , , , , Ravi Karunanayake, , Sajith Premadasa to back up Maithripala Sirisena, sajith to back maithri, , Wasantha Senanayake   

    Maithripala to get full commitment from Sajith Premadasa 

    Strongly approving the decision of the UNP Working Committee to name Maithripala Sirisena as the common candidate, party deputy leader Sajith Premadasa says that he would extend his utmost support to ensure Sirisena’s victory.

    He has stated thus while welcoming Maithripala Sirisena to a special discussion held at the opposition leader’s office last night (21).

    The meeting which was held to discuss future plans, was attended by Ven. Maduluwawe Sobhitha Thera, Ven. Athuraliye Rathana Thera, former President Chandrika Bandaranaike Kumaratunga,
    Arjuna Ranatunga, Rajitha Senaratne, Wasantha Senanayake, Rajiv Wijesinghe, Duminda Dissanayake, UNP leadership council chairman – Karu Jayasuriya, UNP Assistant leader – Ravi Karunanayake, UNP chairman Kabir Hashim and leadership council member – Mangala Samaraweera.

    Political party leaders including (More …)

     
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