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Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
Sri Lanka [39] 30% (highest rate) 15% (lowest rate) [101] 0% 36% (if annual income is more than LKR 3 million) 12% (standard rate) 8% or 0% (reduced rates) Taxation in Sri Lanka Sudan: 5% (special exempt companies), 15% most other companies [206] Taxation in Sudan Suriname: 36% [207] 8% (first SRD2,646 per year is deductible) 38% [208 ...
Value added tax or VAT, (in Italian Imposta sul valore aggiunto, or IVA) is a consumption tax charged at a standard rate of 22 percent, which came in on 1 July 2013 (previously 21 percent). The first reduced VAT rate (10 percent) applies to water supplies, passenger transport, admission to cultural and sports events, hotels, restaurants and ...
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
Sri Lanka Podujana Peramuna: 22 November 2019 - 12 August 2020 Minister of Trade, Commerce and Food Security Bandula Gunawardena: 12 August 2020 - 18 April 2022 Shehan Semasinghe: 18 April 2022 - 9 May 2022 Nalin Fernando: 9 May 2022 - 24 September 2024 Harini Amarasuriya: National People's Power: 24 September 2024 - 18 November 2024
(January 2022) (Learn how and when to remove this message) The MRP of this bottle of water in Sri Lanka is 90 Rupees . Maximum retail price ( MRP ) is a manufacturer-calculated price that is the highest price that can be charged for a product sold in India , Indonesia , where it is known as Harga Eceran Tertinggi ( HET ), and Bangladesh . [ 1 ]
SAFTA required the developing countries in South Asia (India, Pakistan and Sri Lanka) to bring their duties down to 20 percent in the first phase of the two-year period ending in 2007. In the final five-year phase ending in 2012, the 20-percent duty was reduced to zero in a series of annual cuts.
Sri Lanka Customs (Sinhala: ශ්රී ලංකා රේගුව, romanized: Shri Lanka Reguwa, Tamil: இலங்கை சுங்கச் சாவடி) is a ministerial government department in Sri Lanka. The main functions of the department are, Collection of revenue; Prevention of revenue leakages and other frauds
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