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Tag: income Tax Percentage in Srilanka

  • New Vehicle Prices after Budget for 2016

    As expected the new government budget for 2016 introduce new valuation system for imported vehicles, this valuation lead to increase prices of imported vehicles by Rs. 200,000 up to Rs. 2.5 million. The new valuation system was introduced recently taking full option manufacturers price as the tax base and the Finance Minister Ravi Karunanayake said…

  • Deduction of Income Tax when remittances are made to any person or partnership outside Sri Lanka

    Furnishing of Tax Clearance Certificate to Commercial Banks and Authorized Dealers When outward remittances are made by commercial banks or authorized dealers, they are expected to ensure that the remittances are made in compliance with the tax laws. therefore, you are kindly requested to obtain a Tax Clearance Certificate with regard to remittances mentioned in…