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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» Should I Stick Around, or Should I Follow Others' Lead?
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+11
Market R
RPPA
pushpakumara
Seyon
yaka
Jana1
pee ratio
jiggysaurus
yellow knife
balapas
puliyanam
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    Budget 2015 Jan

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    yaka


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    Post by yaka Thu Jan 29, 2015 3:56 pm

    can we list companies get within the range of super tax....
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    Post by Market R Thu Jan 29, 2015 3:56 pm

    15:29 - Sri lankan Airlines and Mihin Lanka to be merged to reduced the losses
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    Post by Market R Thu Jan 29, 2015 3:58 pm

    15:13 - 100% Liquor Licence charges increased
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    Post by Market R Thu Jan 29, 2015 3:59 pm

    15:00 - House tax - houses 100 million or more in value be taxed 1 million per house -
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    Budget 2015 Jan - Page 2 Empty Re: Budget 2015 Jan

    Post by Market R Thu Jan 29, 2015 4:00 pm

    14:56 - Gold jewellery pawned to banks - that don't exceed Rs. 200,000 - interest will be waived off
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    Budget 2015 Jan - Page 2 Empty Re: Budget 2015 Jan

    Post by Future123 Thu Jan 29, 2015 4:00 pm

    The Super gain tax of 25% above 2 billion profit, is it for the excess profit or for the whole amount?

    Eg: If JKH makes 4 billion the 2 billion is taxed 25% in addition to 28% corporate tax. Total tax is 48%.
    Shareholders won't get any dividends. This will kill the businesses and share holders
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    Post by puliyanam Thu Jan 29, 2015 4:01 pm

    Here is my quick reflection without actually reading the budget and based on updates from websites
    a. UNP is getting ready for elections in April targeting rural areas/ low income segments, student population, senior citizens etc...
    b. Income will come from businesses that supported Rajapakshas mainly. and where Rajapaksha have direct links
    c. THere is also some campaigning from indian side visible (Maruti)
    d. Some prudential reforms (Mihin etc) on the advice of IMF or someone like that...

    Could not get details re infrastructure or defence bugdet... yet.

    Enjoy responsibly (whilst it last Laughing Laughing) .
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    Post by Market R Thu Jan 29, 2015 4:01 pm

    14:26 – MP Ravi K stated,100 day program has promised senior citizens to increase their fixed deposit interest rate up to 15%
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    Post by balapas Thu Jan 29, 2015 4:06 pm

    jiggysaurus wrote:
    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.

    Correct. I remember Choksy presenting the budget in only English in 2002 or 2003. It was a disgrace to the common man. Common man was neglected heavily during that period even to our dismay. Ranil has learned his lessons. Also need to win election in June ne?

    Electricity prices should have been reduced at least 10% for businesses. Still paying that 40% fuel surcharge. Only households were given 25% relief last year.
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    Post by Jana1 Thu Jan 29, 2015 4:15 pm

    RPPA wrote:
    yaka wrote:
    puliyanam wrote:Tax on cement reduced by 7%.. TKYO

    price also reduced by 90... Sad

    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.

    Not too sure what u said. 90rs reduction would have significant impact on its profitability. This mean nearly 10% reduction of price ( ordinary Portland cement they sell at 90 rs), So almost there net profit is varnished. So it is great blow for them. In the other hand 7% cement tax reduction which I am not sure where they said in the parliament, sum1 else published here. If 7% reduction on top of 90 rs that will have some positive impact by increasing cement consumption. But I am not sure builders abondaned their bulding bids becz of cement price. If cement consumption is having less correlation with its price then price reduction wouldn't positively influence on the TKYO price.
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    Post by poor boy Thu Jan 29, 2015 4:25 pm

    Future123 wrote:The Super gain tax of 25% above 2 billion profit, is it for the excess profit or for the whole amount?

    Eg: If JKH makes 4 billion the 2 billion is taxed 25% in addition to 28% corporate tax. Total tax is 48%.
    Shareholders won't get any dividends. This will kill the businesses and share holders

    what are the companies that earn more than this threshold  limit


    Last edited by poor boy on Thu Jan 29, 2015 4:25 pm; edited 1 time in total
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    Post by yaka Thu Jan 29, 2015 4:25 pm

    http://nethfm.com/article/54975Budget 2015 Jan - Page 2 54975
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    Post by sashimaal Thu Jan 29, 2015 4:34 pm

    Super gains - As per budget speech, it's a one time thing and last 2 years profit considered.

    Whether it's for the total amount or for above Rs 2 billion/year portion was not clear. Good if the latter is true.

    Telcos such as Dialog - Sad

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    Post by poor boy Thu Jan 29, 2015 4:41 pm

    what about banks?

    hnb , com etc
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    Post by poor boy Thu Jan 29, 2015 4:43 pm

    I think it would be beneficial to vehical importers. now you cant import direct .am I correct?
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    Post by balapas Thu Jan 29, 2015 5:02 pm

    poor boy wrote:I think it would be beneficial to vehical importers. now you cant import direct .am I correct?

    Finance ministry website has the proper speech in detail http://www.treasury.gov.lk/images/depts/fpd/docs/budgetspeech/2015-jan29/InterimBudget2015-20150129-eng.pdf

    I got my hybrid cleared yesterday. Its a saving of about 400k when directly importing although process of doing it becomes a pain.

    Ravi K also said Hybrid car taxes will be increased

    Check 8.55 on the above link
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    Post by NC` Thu Jan 29, 2015 5:02 pm

    poor boy wrote:
    Future123 wrote:The Super gain tax of 25% above 2 billion profit, is it for the excess profit or for the whole amount?

    Eg: If JKH makes 4 billion the 2 billion is taxed 25% in addition to 28% corporate tax. Total tax is 48%.
    Shareholders won't get any dividends. This will kill the businesses and share holders

    what are the companies that earn more than this threshold  limit
    sashimaal wrote:Super gains - As per budget speech, it's a one time thing and last 2 years profit considered.

    Whether it's for the total amount or for above Rs 2 billion/year portion was not clear. Good if the latter is true.

    Telcos such as Dialog - Sad


    Its a one time tax and for the companies which recorded over LKR 2 Bn for the financial year 2013-2014. I think it means only for the last year.
    Listen @ 1.53
    https://www.youtube.com/watch?x-yt-cl=84924572&feature=player_embedded&v=JtLZKys02RU&x-yt-ts=1422411861#t=6773


    Last edited by NC` on Thu Jan 29, 2015 5:04 pm; edited 1 time in total
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    Post by balapas Thu Jan 29, 2015 5:03 pm

    Check the finance ministry PDF

    http://www.treasury.gov.lk/images/depts/fpd/docs/budgetspeech/2015-jan29/InterimBudget2015-20150129-eng.pdf
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    Post by NC` Thu Jan 29, 2015 5:11 pm

    balapas wrote:Check the finance ministry PDF

    http://www.treasury.gov.lk/images/depts/fpd/docs/budgetspeech/2015-jan29/InterimBudget2015-20150129-eng.pdf
    Thanks Balapas its much more clear now..
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    Post by sashimaal Thu Jan 29, 2015 5:20 pm

    Yes correct, only financial year 2013/4.

    Thanks


    NC` wrote:
    poor boy wrote:
    Future123 wrote:The Super gain tax of 25% above 2 billion profit, is it for the excess profit or for the whole amount?

    Eg: If JKH makes 4 billion the 2 billion is taxed 25% in addition to 28% corporate tax. Total tax is 48%.
    Shareholders won't get any dividends. This will kill the businesses and share holders

    what are the companies that earn more than this threshold  limit
    sashimaal wrote:Super gains - As per budget speech, it's a one time thing and last 2 years profit considered.

    Whether it's for the total amount or for above Rs 2 billion/year portion was not clear. Good if the latter is true.

    Telcos such as Dialog - Sad


    Its a one time tax and for the companies which recorded over LKR 2 Bn for the financial year 2013-2014. I think it means only for the last year.
    Listen @ 1.53
    https://www.youtube.com/watch?x-yt-cl=84924572&feature=player_embedded&v=JtLZKys02RU&x-yt-ts=1422411861#t=6773
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    Post by yaka Thu Jan 29, 2015 5:28 pm

    and this wave off for the pawned gold, is it for future or affect to past also....only government banks.....I have some in SAMP Evil or Very Mad
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    Post by NC` Thu Jan 29, 2015 5:35 pm

    Jana1 wrote:
    RPPA wrote:
    yaka wrote:
    puliyanam wrote:Tax on cement reduced by 7%.. TKYO

    price also reduced by 90... Sad

    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.

    Not too sure what u said. 90rs reduction would have significant impact on its profitability. This mean nearly 10% reduction of price ( ordinary Portland cement they sell at 90 rs), So almost there net profit is varnished. So it is great blow for them. In the other hand 7% cement tax reduction which I am not sure where they said in the parliament, sum1 else published here. If 7% reduction on top of 90 rs that will have some positive impact by increasing cement consumption. But I am not sure builders abondaned their bulding bids becz of cement price. If cement consumption is having less correlation with its price then price reduction wouldn't positively influence on the TKYO price.
    "Today, the progress of the construction industry has hindered due to the high cost in the inputs such as cement, steel and sand. In order to address this issue, I propose to remove the customs duty applicable on cement and steel billets. Further, we would take every step to ensure that sand, which is another key input in the construction industry, is mined without harming our environment."
    So, Karu mentioned that their intention is to subsidize the construction sector. Hence, tax is reduced by 7.5%, and as a result of that , he's saying that the cement price will be reduced approximately 90 rupees.
    So there'll be no negative impact on GP margin of TKYO and good news for the construction sector as well.
    Listen @ 1.56 and 1.59
    https://www.youtube.com/watch?x-yt-cl=84924572&feature=player_embedded&v=JtLZKys02RU&x-yt-ts=1422411861#t=6968
    https://www.youtube.com/watch?x-yt-cl=84924572&feature=player_embedded&v=JtLZKys02RU&x-yt-ts=1422411861#t=7140


    Last edited by NC` on Thu Jan 29, 2015 5:46 pm; edited 2 times in total
    Market R
    Market R


    Posts : 221
    Join date : 2015-01-07

    Budget 2015 Jan - Page 2 Empty Re: Budget 2015 Jan

    Post by Market R Thu Jan 29, 2015 5:41 pm

    නව රජයේ අතුරු අයවැය

    2014 අවසානයේ රජයේ ණය රු. බිලියන 8800 ඉක්මවන අතර සමස්ත ණය දළ දේශීය නිෂ්පාදිතයෙන් 84.9%ක්.

    මිලදී ගැනීමේ හැකියාව වැඩි කිරීම සඳහා වැටුප් වැඩි කළ යුතුයි.
    පෙබරවාරි මස සිට රජයේ සේවකයින්ට රු. 5000ක්. ජූනි මාසයේ තවත් රු. 5000ක් ලෙස වැටුප් ඉහළට
    පුද්ගලික අංශයේ වැටුප් රු. 2500කින් වැඩි කරන ලෙස ඉල්ලීමක්
    පසුගිය රජය සමයේ වසා දැමූ කර්මාන්ත යළි ආරම්භ කිරීමට පියවර
    විශ්‍රාමික වැටුප් අප්‍රේල් මස සිට රු. 1000කින් ඉහළට
    සමෘද්ධි දීමනාව අප්‍රේල් මස සිට 200%කින් ඉහළට
    ජ්‍යෙෂ්ඨ පුරවැසියන්ගේ බැංකු ගිණුම් සඳහා 15%ක පොළියක්
    ගර්භණී මාතාවන්ට රු. 20000ක දීමනාවක්
    වී සඳහා රු. 50ක සහතික මිලක්
    අඩු මුදලකට අත් ට්‍රැක්ටර්
    පොහොර සහනාධාරය තවදුරටත්
    නැවුම් කිරි ලීටරයක් මිලදී ගැනීමේදී රු. 10කින් ඉහළ දැමේ
    කොළඹ යළි පදිංචි කළ පවුල් සඳහා වන්දි මුදල් ඉහළට
    පාර්ලිමේන්තු මන්ත්‍රීවරයෙකුගේ විමධ්‍යගත අරමුදල 100%කින් එනම් රු. මිලියන 10ක් දක්වා ඉහළට
    සෞඛ්‍ය සේවය සඳහා දළ ජාතික නිෂ්පාදනයෙන් 3%ක් දක්වා ඉහළට
    රෝහල්වල බාහිර රෝගී අංශය පැය 24 ම ක්‍රියාත්මක කෙරේ
    වකුගඩු රෝගීන් වෙනුවෙන් විශේෂ අරමුදලක්
    අධ්‍යාපනය සඳහා දළ දේශීය නිෂ්පාදිතයෙන් 6%ක් වෙන් කෙරේ
    භූමිතෙල් මිල තවත් රු. 6කින් පහළට. භූමි තෙල් ලීටරයක නව මිල රු. 59යි
    සූර්ය බලශක්ති ඒකක පිහිටුවා විදුලි බල වියදම් අවම කරයි
    අත්‍යවශ්‍ය භාණ්ඩ 13ක මිල අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට සීනි මිල රු. 10කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට කිරි පිටි ග්‍රෑම් 400 මිල රු. 325 දක්වා අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට තිරිඟු පිටි කිලෝ ග්‍රෑමයක මිල රු. 12.50කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට හාල්මැස්සන් කිලෝ ග්‍රෑමයක මිල රු. 15කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට ටින් මාළු මිල රු. 60කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට කොත්තමල්ලි කිලෝග්‍රෑමයක මිල රු. 150කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට උම්බලකඩ කිලෝවක මිල රු. 200කින් අඩු කෙරේ
    අත්‍යවශ්‍ය භාණ්ඩ 10ක මිල අඩු කිරීමට පොරොන්දු වුණ ත් 13ක අඩු කළා
    අද මධ්‍යම රාත්‍රී සිට ගෑස් සිලින්ඩරයක මිල රු. 300කින් අඩු කෙරේ
    රාජ්‍ය බැංකුවල රු. ලක්ෂ 2ට අඩු උකස් කළ ස්වර්ණාභරණ සඳහා වන පොළිය කපා හරී
    උපයන විට ගෙවීමේ බද්දෙන් මුල් රු. ලක්ෂ 6 ඉවතට
    අද මධ්‍යම රාත්‍රී සිට ධාරිතාව 1000ට අඩු මෝටර් රථ සඳහා වන බදු 15%කින් අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට දෙමුහුන් වාහනවල බදු අඩු කෙරේ
    අද මධ්‍යම රාත්‍රී සිට සිමෙන්ති මිල රු. 90කින් අඩු කෙරේ
    කැසිනෝ ව්‍යාපාරිකයින්ගෙන් රු. මිලියන 1000ක බද්දක්
    මත්පැන් අලෙවි හල්වලින් එක් වරක රු. 250000ක බද්දක්
    රු. 5000ක්ව පැවති විවාහ ලියාපදිංචි ගාස්තුව රු. 1000 දක්වා අඩු කෙරේ
    චන්ද්‍රිකා මධ්‍යස්ථාන භාවිත කරන්නන්ගෙන් එක් වරක් ගෙවන රු. මිලියන 1000ක බද්දක්
    සන්නිවේදන කුළුණු 5කට වැඩි ක්‍රීඩා පමණක් පෙන්වන රූපවාහිනී ආයතන සඳහා එක් වරක රු. මිලියන 1000ක බද්දක්
    රජයේ අබලන් වාහන වෙන්දේසි කර රු. මිලියන 1000ක් ඉපයීමට පියවර
    ආබාධිත රණවිරුවන්ට රු. ලක්ෂ 5ක උපරිමයක ණය මුදලක්
    මහපොළ ශිෂ්‍යාධාරය පෙබරවාරි සිට රු. 5000ක් දක්වා ඉහළට
    විදුලි බල සහ ජලසම්පාදන වැනි ආයතනවල වසර 7කට වැඩි කාලයක් සේවය කරන අනියම් සේවකයින් ස්ථිර කරයි
    පාඩු අවම කිරීම සඳහා මිහින් ලංකා සහ ශ්‍රී ලංකන් ගුවන් සමාගම් ඒකාබද්ධ කෙරේ
    ආරම්භක මුදලක් නොමැතිව බැංකු ගිණුමක් ආරම්භ කිරීමට අවස්ථාව
    ජ්‍යෙෂ්ඨ පුරවැසියන්ට 50%කින් බස් ගාස්තු අඩු කරයි
    සියලු ධීවරයින්ට රු. මිලියනයක ජීවිත රක්ෂණයක්
    ණය පත් (ක්‍රෙඩිට් කාඩ්) සඳහා පොළී අනුපාතය 30%ක් දක්වා පහලට
    රජයේ වියදම්වලින් දේශපාලකයින්ගේ දැන්වීම් පළ කිරීම වහා නතර කළ යුතුයි.

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