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» HOPL.N0000 ( Horana Plantations PLC)
Today at 12:13 pm by yellow knife

» කටාරයේ ශ්‍රී ලංකා පාසල ගැන 'ස්වාධීන පරීක්ෂණයක්'
Today at 11:23 am by Ethical Trader

» වසර 15ක් තුළ ලංකාව සිංගප්පූරුවට වඩා දියුණු කරනවා - චීන තානාපති
Today at 11:05 am by Ethical Trader

» නව නාවික හමුදාපති "ඇමෙරිකානු ඒජන්තයෙක්" ද?
Yesterday at 10:52 pm by Ethical Trader

» විජේදාස ඇමති පදවියෙන් නෙරපයි
Yesterday at 8:03 pm by nihal123

» Dividend Announcement
Yesterday at 5:02 pm by Rana

» 10% ක බෝනස් ඩේටා දෙන්න දුරකතන සමාගම් එකඟවෙයි
Yesterday at 1:51 pm by nihal123

» පාකිස්තාන සංචාරය: "මම නම් යන්නේ නෑ"
Yesterday at 12:05 pm by Ethical Trader

» "මිනී මස් කාල එපා වෙලා"
Tue Aug 22, 2017 5:55 pm by Ethical Trader

» ලොව වැඩි වශයෙන්ම ප්‍රතිනිර්මාණය වූ කලා කෘතිය
Tue Aug 22, 2017 3:15 pm by Ethical Trader

» විජයදාස ඉවත් කරන්න: එජාපය ජනපතිට කියයි
Tue Aug 22, 2017 3:09 pm by Ethical Trader

» ජනාධිපතිවරණය දිනා ශ්‍රී ලංකාවේ ණය එක දවසකින් ගෙවන සුපිරි කෝටීපතියා .!
Tue Aug 22, 2017 2:31 pm by Backstage

» ආදායම ලක්ෂ 12 ට අඩුනම් ආදායම් බදු නැහැ – මුදල් ඇමති කියයි
Tue Aug 22, 2017 12:30 pm by nihal123

» වැසිකිළියක් සදා නොදුන් සැමියාගෙන් දික්කසාද වීමට අධිකරණය අවසර දෙයි
Mon Aug 21, 2017 5:31 pm by Ethical Trader

» 2017 ජන්ද හිමි නාමලේඛනයේ කෙටුම්පත පිටවෙයි
Mon Aug 21, 2017 2:20 pm by nihal123

» වාහන බදු අඩු කළායින් පසු සමාගම් කොටස් මිල ඉහළ ගිය හැටි
Mon Aug 21, 2017 11:50 am by Ethical Trader

» ඉන්දියාවේ විශාලතම ඔන්ලයින් ටැක්සි මෙහෙයුම්කරු ලංකාවට මාන බලයි
Mon Aug 21, 2017 11:07 am by nihal123

» CB Chief cracks whip!
Mon Aug 21, 2017 11:04 am by Ethical Trader

» ක්‍රිකට්: ශ්‍රී ලංකා කණ්ඩායමට එරෙහිව ක්‍රීඩාලෝලීන්ගේ විරෝධතාවක්
Mon Aug 21, 2017 10:55 am by Ethical Trader

» "විගණන පනත යට ගහන බවට ඇමතිවරුන්ට චෝදනා"
Mon Aug 21, 2017 10:52 am by Ethical Trader

» Male-Penned Songs On Women By Madani
Sun Aug 20, 2017 3:56 pm by CK

» GDP growth seen at 6% in 2018, Finance Ministry says
Sun Aug 20, 2017 10:36 am by Ethical Trader

» හැඟීමක් නැති පාලකයෝ භාරගත්තම රට කාබාසිනියා වෙනවා - ඇමති විජයදාස
Sun Aug 20, 2017 10:30 am by Ethical Trader

» Sri Lanka introduces concessions to boost faltering growth
Sat Aug 19, 2017 7:05 pm by Backstage

» New taxes hamper life insurance industry
Sat Aug 19, 2017 7:03 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Sat Aug 19, 2017 5:18 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sat Aug 19, 2017 11:28 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Fri Aug 18, 2017 6:03 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Fri Aug 18, 2017 4:12 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 8:09 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 10:15 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 10:11 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 12:29 pm by nihal123

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 1:16 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 7:52 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 2:59 pm by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 1:58 pm by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

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Sri Lanka drops capital gains on shares, real estate targeted

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Sri Lanka drops capital gains on shares, real estate targeted

Post by Backstage on Mon May 15, 2017 1:52 am

Sri Lanka drops capital gains on shares, real estate targeted
May 14, 2017 19:44 PM

ECONOMYNEXT - Finance Minister Ravi Karunanayake Sunday confirmed that the government will exempt capital gains on share transactions, but it will apply to real estate transactions under the new inland revenue act.

Any capital gains on housing and property within a period of 10 years of acquiring the asset will attract a 10 per cent tax, the minister told reporters at his office.

The administration had argued that the property market has been giving huge returns in recent years thanks to the infrastructure added by the government and it was only right that the state took a slice of the capital gains on real estate.

The government had initially proposed slapping a 10 per cent tax on capital gains through equity trading, but that was dropped, the minister said.

PAYE and income tax

Under the new act which is being gazetted in line with efforts to streamline the complicated tax system, the minister said employees earning up to 100,000 rupees a month will be exempt from income tax.

However, the individual tax free income will remain at 500,000 rupees a year.

Those under the PAYE schemes will get a tax credit for 700,000 rupees above their 500,000 rupee tax free allowance for a year.

This means an employee earning a monthly salary of 100,000 (inclusive of all allowances) or an annual income of 1.2 million rupees will not have to pay tax. This concession is not available to self-employed who will have to pay taxes on their monthly income if it is more than 41,666.

Earlier a vehicle allowance of 50,000 rupees a month was exempt in addition to the 50,000 salary. But now all deductions have been limited to 700,000 a year. The highest tax rate has been raised from 15 percent to 24 percent.

The effective date of the new tax structure is not clear, but the bill is being gazetted.
(COLOMBO, May 14, 2017)
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Re: Sri Lanka drops capital gains on shares, real estate targeted

Post by කිත්සිරි ද සිල්වා on Mon May 15, 2017 3:11 am

Thanks Back.
So we can expect more RUN on Monday ? bounce
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Re: Sri Lanka drops capital gains on shares, real estate targeted

Post by Ethical Trader on Mon May 15, 2017 12:59 pm

Tanks Back.
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