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Withholding+tax+on+sale+of+teledramas+to+be+abolished
Wednesday, 06 June 2018 - 16:26
Withholding tax on sale of teledramas to be abolished
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President Maithripala Sirisena has ordered not to charge 14% withholding tax on the sale of teledramas.
 
The President also advised the Finance Minister to inform in writing to relevant institutions not to charge it.
 
During a discussion with a group of artists, the President had pointed out that this tax has been charged as a result of misunderstanding the newly introduced tax policies.
 
The President also promised that if the new tax policies have become an obstruction to the growth of local cinema and teledrama industries, it will be rectified.

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