Tag: tax incomes of Srilanka
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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…
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Casino contributes Rs. 500 Million as a Tax Revenue to the Government
The Deputy Minister of Finance and Planning, Sarath Amunugama stated in Parliament that Casinos are one of the tax revenue generating sources in Srilankan Economy, where the Casino industry is approximately contribute Rs. 500 Million for government revenue as taxes. And the Minister stated that the government had earned revenue of Rs 1,400 million by…