1.45 p.m. Stock market has come a laughing stock under the previous regime. And the super rich stop market barons followed a pump and dump policy leading to the deterioration of the stock market, Finance Minister Ravi Karunanayake said.
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Budget 2015 Jan
puliyanam- Top contributor
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- Post n°1
Budget 2015 Jan
1.45 p.m. Stock market has come a laughing stock under the previous regime. And the super rich stop market barons followed a pump and dump policy leading to the deterioration of the stock market, Finance Minister Ravi Karunanayake said.
balapas- Top contributor
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- Post n°2
Re: Budget 2015 Jan
What interested me so far was the 15% for FDs for senior citizens for deposits up to Rs1mn. If more can break and deposit from what I know. He said commercial banks not sure whether applies to finance companies. Good to have a joint FD with parents or FDs under their name. There will be an interest rate mismatch for banks.
Please add to this thread
yellow knife- Top contributor
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Re: Budget 2015 Jan
jiggysaurus- Top contributor
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- Post n°4
Re: Budget 2015 Jan
How the value of our previous president? Apparade now we only have a cheap fellow.
105 billion> 3 billion
puliyanam- Top contributor
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Re: Budget 2015 Jan
Sugar 10/-, Milk powdre (400g 325/-) flour 10/- mung ata 30/- sprats 15/- canned fish 52/- koththamalli 26 Maldivian fish 200, kerosine by 6/-, gas 300/-, bread by 6/- (hooray first time bread prices reduction since CBK's time???)
Last edited by puliyanam on Thu Jan 29, 2015 3:07 pm; edited 1 time in total
pee ratio- Active Member
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Re: Budget 2015 Jan
balapas- Top contributor
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Re: Budget 2015 Jan
Last edited by balapas on Thu Jan 29, 2015 3:10 pm; edited 1 time in total
puliyanam- Top contributor
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Re: Budget 2015 Jan
Sugar: Rs. 10 reduction - tax reduced from Rs. 28 up to Rs. 10
Milk powder 400g packet will be Rs. 325 (maximum retail price) - reduction of Rs. 61
Sustagen milk powder to be reduced by Rs. 100 (400g)
Flour prices reduced by Rs. 12.50 per kilo
Bread - reduced by Rs. 6
Green grams - reduction by Rs. 40 per kilo
Sprats: Reduction of Rs. 15
Canned fish - Reduced by Rs. 60
Coriander - Reduced by Rs. 60 per kilo
Maldive fish - taxes reduced by Rs. 200
Canned fish - Reduced by Rs. 60
Coriander - Reduced by Rs. 60 per kilo
Chilli powder - Reduced by Rs. 25 (powdered) - See more at: http://www.dailymirror.lk/#sthash.VhFFd3Ct.dpuf
puliyanam- Top contributor
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- Post n°9
Re: Budget 2015 Jan
Vehicle assembly plants have neglected their incometax payments during the previous regime. Rs. 12,0000 million revenue expected through prompt payments - oopsss
Last edited by puliyanam on Thu Jan 29, 2015 3:19 pm; edited 1 time in total
Jana1- Top contributor
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Re: Budget 2015 Jan
Supergain tax - any company of which the profit exceeded Rs. 2000 million - tax amount worth 25% off its profit will be charged
puliyanam- Top contributor
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Re: Budget 2015 Jan
yaka- Posts : 374
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- Post n°12
Re: Budget 2015 Jan
balapas wrote:This is not good for market - Supergain tax - any company of which the profict exceeded Rs. 2000 million - tax amout worth 25% off its profit will be charged. Is it annual ??
as I heard for the companies who gain this for the 2012-2013 or is it for 2013-2014?
Jana1- Top contributor
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Re: Budget 2015 Jan
puliyanam wrote:Tax on cement reduced by 7%.. TKYO
Cement prices to be reduced by Rs. 99... It is bottom hit for Tokyo, not beneficial as not from tax...
Seyon- Top contributor
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- Post n°14
Re: Budget 2015 Jan
Jana1 wrote:What the hell is this??? Does this on top of company tax 15%??
Supergain tax - any company of which the profit exceeded Rs. 2000 million - tax amount worth 25% off its profit will be charged
Now the company tax is 28%... am i correct.
Jana1- Top contributor
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- Post n°15
Re: Budget 2015 Jan
So mkt could cum down as sum big guys cash out to pay 1bn.. Good to keep an eye...mainly Dammi's co.
Casino business-owners to pay Rs: 1000 millionas a tax - first payment to be made before April.
balapas- Top contributor
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Re: Budget 2015 Jan
We need to discuss this in detail later.
UNP no more capitalists?
CSN will have to be closed lol Rs1000mn tax and no more cricket.
Jana1- Top contributor
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Re: Budget 2015 Jan
Seyon wrote:Jana1 wrote:What the hell is this??? Does this on top of company tax 15%??
Supergain tax - any company of which the profit exceeded Rs. 2000 million - tax amount worth 25% off its profit will be charged
Now the company tax is 28%... am i correct.
I am not accountant by profession. So I just calculated JKH and Spen tax paid %. It sits around 15%, So I thought only 15%. Any experts???
yaka- Posts : 374
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Re: Budget 2015 Jan
puliyanam wrote:Tax on cement reduced by 7%.. TKYO
price also reduced by 90...
![Sad](https://2img.net/i/fa/i/smiles/icon_sad.gif)
jiggysaurus- Top contributor
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- Post n°19
Re: Budget 2015 Jan
balapas wrote:
UNP no more capitalists?
Ko ithin hitapu capitalist anduwata thibba lamboghinis wadiy kiyala pannala dammane.
Anyway cheese eaters will always vote for the UNP. They will pay the mansion tax, liquor tax and keep voting.
Ranilans has learned the lessons from 2002 and trying to catch the votes from the farmers, middle class, anti casino crowd.
yaka- Posts : 374
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Re: Budget 2015 Jan
![Mad](https://2img.net/i/fa/i/smiles/icon_mad.gif)
![Mad](https://2img.net/i/fa/i/smiles/icon_mad.gif)
![Mad](https://2img.net/i/fa/i/smiles/icon_mad.gif)
![Mad](https://2img.net/i/fa/i/smiles/icon_mad.gif)
![Mad](https://2img.net/i/fa/i/smiles/icon_mad.gif)
ජංගම දුරකතන සමාගම් සඳහා එක්වරක් පමණක් රුපියල් මිලියන 250ක බද්දක්
සැටලයිට් රූපවාහිනී හිමිකරුවන් සඳහා මිලියන 1000 ක බද්දක්
Last edited by yaka on Thu Jan 29, 2015 3:39 pm; edited 1 time in total
pushpakumara- Posts : 197
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- Post n°21
Re: Budget 2015 Jan
balapas wrote:This is not good for market - Supergain tax - any company of which the profict exceeded Rs. 2000 million - tax amout worth 25% off its profit will be charged. Is it annual ??
This could be to balance the loss revenue on reduced prices on essential items.
I presume this tax will affect portion of dividend declare for ordinary shareholders? Is there any correlation between ASI on negative territory today and the budget proposals? .
Next step is to get this mini budget passed in the parliament? Opposition (majority) will vote for the reduction of prices of essential items, when it comes to corporate taxes (hopefully) there will be some debate as to implementation. So the road will not not end here.
RPPA- Top contributor
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Re: Budget 2015 Jan
yaka wrote:puliyanam wrote:Tax on cement reduced by 7%.. TKYO
price also reduced by 90...
Only the tax is reduced. So no impact on the company performance in terms of GP margin.
But there will be an effect on TKYO by super tax.
Market R- Posts : 221
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- Post n°23
Re: Budget 2015 Jan
too much for telecommunication.
ජංගම දුරකතන සමාගම් සඳහා එක්වරක් පමණක් රුපියල් මිලියන 250ක බද්දක්
සැටලයිට් රූපවාහිනී හිමිකරුවන් සඳහා මිලියන 1000 ක බද්දක්
and any company making profit more than 200mil will carged 25% tax
25% tax must payed by company for reloads
Is this is a punishment for telecommunication for blocking sirasa and some other channels when MY3 was there and sms campain for mahinda.
balapas- Top contributor
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- Post n°24
Re: Budget 2015 Jan
http://www.dailymirror.lk/budget/62501
Market R- Posts : 221
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