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In November 2019, newly elected President Gotabaya Rajapaksa approved mandate to abolish taxes such as PAYE, NBT, Withholding tax, Capital Gain tax, Bank Debit tax and to reduce VAT tax rate from 15% to 8%. [8] [9] Tax evasion is a rampant and prevalent issue in Sri Lanka. [10]
A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks , schools , roads , and other public facilities. [ 1 ]
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1]
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
The only evidence of a British postal service before 1815 is a "Colombo Post Free" handstamp used on a soldier's letter in 1809, when British Royal Artillery troops were engaged to subdue Sri Vikrama Rajasinha, the king of Kandy (1798–1815), whose inland territory had never been under the influence of the Dutch.
The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.
This is a survey of the postage stamps and postal history of Sri Lanka, formerly known as Ceylon.. Sri Lanka is an island country in South Asia, located about 31 km off the southern coast of India.
The Galle Fort Post Office is the post office in Galle Fort, Sri Lanka.. The first post office was located at 92 Pedlar Street (originally known as Moor Street) and opened in 1820, [1] under the direction of the Postmaster General of Ceylon, Lewis Sansoni.