The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Search

 
 

Display results as :
 

 

Rechercher Advanced Search

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

+2
yellow knife
sashimaal
6 posters

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°1

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by sashimaal Wed Feb 08, 2017 11:17 pm

    ECONOMYNEXT - Sri Lanka's legislators approved changes to the land alienation law in Sri Lanka that removed a 15 percent nationalist tax on land leased to foreigners with effect from January 08, 2017.

    Foreigners were barred from owning free hold land during the ousted Rajapaksa regime and the tax was imposed on leases during the ousted Rajapaksa regime.

    Under changes, foreigners, foreign companies and locally incorporated companies with more than 50 percent foreign ownership will be allowed to lease land without a penal tax.

    Sri Lanka earlier permitted freehold land sales to foreigners with a 100 percent tax.

    The tax was one of a series of nationalist measures that was imposed by an assembly elected out of the popular vote which also included robbing language freedoms of the people after gaining self-determination from British rule. (Colombo/Feb08/2017)
    • Back to top
    yellow knife
    avatar
    yellow knife
    Top contributor
    Top contributor


    Posts : 6980
    Join date : 2014-03-27
    • Post n°2

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by yellow knife Thu Feb 09, 2017 7:23 am

    Welcome the Ethiopian Development Model...

    ( Pictures save words )


    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Land-grab+Ethiopia+Meles+zenawi


    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Land_Grab_Life_Grab2


    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Land-Grab


    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Ethiopian-land-grab

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Property+rights


    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Images?q=tbn:ANd9GcQ_NaBi3FMWzXIVLyqdvupxDu-C0xOYmhV1iW2uGjy1FTdjthiFPw

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Ethiopia+land+grab

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Landgrab_zpsbf3a806c

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 1340986794542162002588785
    • Back to top
    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°3

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by sashimaal Thu Feb 09, 2017 8:00 am

    Rubbish. Pictures say what you want to say !

    Why land grab?

    Now the price paid by foreigners to holders (domestic and foreign) ; land will go up and they will get a better deal.
    • Back to top
    yellow knife
    avatar
    yellow knife
    Top contributor
    Top contributor


    Posts : 6980
    Join date : 2014-03-27
    • Post n°4

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by yellow knife Thu Feb 09, 2017 8:26 am

    Land price will go up... and the foreigners will buy these land and do activities which the locals could have done themselves...

    The same happened in Ethiopia..

    You who do not like to read the pictures as it is not in your line of thinking fail to understand what is happening in Ethiopia...

    In Ethiopia and Indian firm is growing wheat, export it to India and UN buy wheat from India and donate it to dying Ethiopia..

    look at the cartoon that says

    " We bought it very cheap from Silly Africans...".. Though it is said to be land grab its a sales contract..

    Shashi

    Has China developed because they sold their Land ? How about Japan ? How about South Korea..?

    Isnt it the locals did the development ?

    Shashi

    Why has the government prompted to sell land and live Today Only ? Because they have failed to attract FDIs and last year was one of the worst in attracting FDIs...

    I kindly request you to read and listen to others who have opposing views or else prohibit people like me entering to this forum...

    Thank You
    • Back to top
    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°5

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by sashimaal Thu Feb 09, 2017 8:46 am

    YK,

    Who is stopping locals from doing these activities now?

    If foreigners get good land (and pay higher prices), the seller will hopefully do something better with it. Also if they pay high prices they must be having a business strategy.

    Remember when they bought the seaside houses... They were crumbling but they started an entirely new business of high end boutique hotels, apartments.

    So some poor person with ancestral land will get a proper price. At the moment some Colombo based rich family will buy it for a song.

    This rich family knowing above situation will use the best and the easiest trumps to defeat it - NATIONALISM & Protectionism ! They will "fool" the poor with words that touch the heart, in order for them to remain rich !
    • Back to top
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම
    • Post n°6

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by කිත්සිරි ද සිල්වා Thu Feb 09, 2017 9:57 am

    I think we should forget the political affiliation here on this issue.
    This will have a direct impact on the food security in the country in the future.
    One need not to look far, the history of Africa is giving enough reasons for us to be very careful on deals of this nature.


    _________________
    I am the wisest man alive, for I know one thing, and that is that I know nothing.
    Socrates
    • Back to top
    yaka
    avatar
    yaka


    Posts : 374
    Join date : 2014-02-28
    • Post n°7

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by yaka Thu Feb 09, 2017 10:39 am

    shashi,

    what good those foreign own hotels have brought to the country?
    • Back to top
    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°8

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty No more tax on lease of land by foreigners

    Post by sashimaal Thu Apr 06, 2017 2:52 pm

    Land (Restrictions on Alienation) Amendment Act No. 3 of 2017 has been signed into law.

    The amendment essentially removes the tax which was payable on the lease of land by foreigners effective from 8 January 2017.

    Previously a standard rate of 15% was applicable while there was a concessionary rate of 7.5% as well.

    According to the amending act, Land Lease Tax will not apply to the lease of land to the following parties on any indenture of lease executed on or after 8 January 2017:

    (a) A foreigner.

    (b) A company incorporated in Sri Lanka under the Companies Act, where any foreign shareholding in such a company, either direct or indirect, is 50% or above.

    (c) A foreign company.

    - See more at: http://www.ft.lk/article/608254/No-more-tax-on-lease-of-land-by-foreigners#sthash.Z2cjE23c.dpuf
    • Back to top
    lanka
    avatar
    lanka


    Posts : 624
    Join date : 2014-11-26
    • Post n°9

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by lanka Thu Apr 06, 2017 6:14 pm

    Thanks, dear Sashi
    • Back to top
    Rajapaksap
    avatar
    Rajapaksap


    Posts : 155
    Join date : 2014-04-14
    • Post n°10

    Sri Lanka parliament lifts land lease tax on foreigners from Jan 08 Empty Re: Sri Lanka parliament lifts land lease tax on foreigners from Jan 08

    Post by Rajapaksap Sun Apr 09, 2017 10:54 am

    sashimaal wrote:Land (Restrictions on Alienation) Amendment Act No. 3 of 2017 has been signed into law.

    The amendment essentially removes the tax which was payable on the lease of land by foreigners effective from 8 January 2017.

    Previously a standard rate of 15% was applicable while there was a concessionary rate of 7.5% as well.

    According to the amending act, Land Lease Tax will not apply to the lease of land to the following parties on any indenture of lease executed on or after 8 January 2017:

    (a) A foreigner.

    (b) A company incorporated in Sri Lanka under the Companies Act, where any foreign shareholding in such a company, either direct or indirect, is 50% or above.

    (c) A foreign company.

    - See more at: http://www.ft.lk/article/608254/No-more-tax-on-lease-of-land-by-foreigners#sthash.Z2cjE23c.dpuf


    According to above local companies with no foreign equity 50% or more will have to pay tax? If 'yes' no level playing field. Is it?
    • Back to top

      Current date/time is Sat Jul 27, 2024 9:59 am