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Valuation of Property of 34 local bodies in the North begins

Jul 17, 2010 4:08:09 AM - itnnews.lk

The assets of 34 Local Government institutions in the North are being valued.

Chief Valuer P.W. Senaratne of the Valuation Department said that the valuation of assets belonging will start on the 26th of this month. These are located in the Vavuniya, Kilinochchi, Mullaitivu, Mannar and Jaffna Districts It was not possible to levy the income tax in the past 30 years from these districts due to LTTE terrorist acts. As a result 60 percent of the revenue due for these local Councils was lost. He said that living quarters, technical, commercial and agricultural institutes belonging to the Municipal, Urban Councils and Pradeshiya Sabhas will be valued.