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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

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals 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 to tax unit trusts at 10-pct for individuals EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

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Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka to tax unit trusts at 10-pct for individuals EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka to tax unit trusts at 10-pct for individuals EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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3 posters

    Sri Lanka to tax unit trusts at 10-pct for individuals

    Backstage
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    Sri Lanka to tax unit trusts at 10-pct for individuals Empty Sri Lanka to tax unit trusts at 10-pct for individuals

    Post by Backstage Mon May 15, 2017 1:55 am

    Sri Lanka to tax unit trusts at 10-pct for individuals
    May 14, 2017
    ECONOMYNEXT - Sri Lanka will tax profits of unit trusts (mutual funds under a specific law) at 10 percent for individuals and a higher rate for corporates at the hands of beneficiaries, Finance Minister Ravi Karunanayake said.

    There was some confusion that unit trusts, which were tax free, will be taxed twice, at the level of the fund and also at the hands of beneficiaries following proposals made in last year's budget.

    Finance Minister Ravi Karunanayake said while the state wanted to give a benefit for individuals who were taking a greater risk and investing in stocks, it did not want to give a tax loophole for companies to use mutual funds as a device for escaping tax.

    Companies will have to pay tax at their rate of corporate tax.

    Sri Lanka is planning to introduce a new income tax law soon. (Colombo/May14/2017)
    Ethical Trader
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    Post by Ethical Trader Mon May 15, 2017 1:03 pm

    Thanks.
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    Post by pjrngroup Mon May 15, 2017 8:14 pm

    Thanks Back.
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    Post by Backstage Fri May 19, 2017 4:59 pm

    Your Welcome.

    If companies are taxed high(40% ?) on units, they will switch to equities or other instruments. The Unit funds will be compelled to wind up. There will be a lot of argeybargey in the market before it settles down. Or am I reading this wrong ?
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    Post by Ethical Trader Fri May 19, 2017 5:52 pm

    Well, after listening to the FM recently on this What I gathered is that corporate are taxed more than Unit Trusts. But this 10% tax for Unit Trusts is a new one I suppose. He should not have imposed it.
    Backstage wrote:Your Welcome.

    If companies are taxed high(40% ?) on units, they will switch to equities or other instruments. The Unit funds will be compelled to wind up. There will be a lot of argeybargey in the market before it settles down. Or am I reading this wrong ?

      Current date/time is Sun Jul 14, 2024 11:12 am