Tax holidays only for genuine investments; statement from Finance Minister

Sunday, 14 May 2017 - 14:09

Tax+holidays+only+for+genuine+investments%3B+statement+from+Finance+Minister
Finance Minister Ravi Karunanayaka said that a 3 tiered corporate tax system will be introduced through the new Inland Revenue Draft Bill.

The Minister stated that highest percentage of tax will be charged from alcohol, tobacco and betting industries.

Also tax holidays will be awarded to companies focussed on commercial centres, IT related businesses, organic fertilizer production and construction of houses below 5 Million Rupees.

 


Two more patients confirmed for Covid -19 : SL Country total increases to 180
Tuesday, 07 April 2020 - 11:23

Two more person have tested positive for Covid-19 (new coronavirus) infection. The country total therefore has increased to 180 according to the latest... Read More

Sixth Sri Lankan death reported due to Covid -19 (Coronavirus)
Tuesday, 07 April 2020 - 10:31

Sixth Sri Lankan death reported due to Covid -19 (Coronavirus) The 6th COVID 19, death in Sri Lanka was reported today. According to Director General... Read More

25 year old male elephant, 8 feet tall found dead in Kahatagasdigiliya (Video)
Tuesday, 07 April 2020 - 10:38

An elephant has died after falling into an unprotected well in Kiriibbewa area in Kahatagasdigiliya. The carcass of the wild elephant was found by the... Read More