Tag: Taxes for remittance

  • Rs. 1000 incentive for your every Rs.20000 Remittance

    Rs. 1000 incentive for your every Rs.20000 Remittance

    Central Bank of Sri Lanka made an announcement the special Rs. 1000 Incentives exclusively for migrant workers and their beneficiaries.  This offer is a special incentive of LKR. 1000 scheme is brought you for every remittance equivalent to Rs. 20,000 or more in single transaction via Licensed Banks or remittance receiving agents.  For more details […]

  • 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 […]

  • New Vehicle Valuation and tax scheme will increase the prices of vehicles by Rs. 400,000 to Rs. 500,000

    As news stated the Customs Director General Jagath Wijeweera inform the customs department is deciding on the value of brand new vehicles instead of accepting the declaration by the importers. This has decisions has make in the detail investigation on vehicles importers undervalued the vehicle valuation while imports, its including few leading companies too. This […]

  • 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 […]