75Mn per quarter or 300Mn per annum w.e.f. If total value of supplies exceeds or likely to exceeds Rs. Payment made to a non-resident person with respect to land, sea, air transport or telecommunication service, subject to the provisions of relevant DTAA Payment made to Non- residents as a charge, natural resource payment, rent, royalty, premium, service fee or an insurance premium, subject to the provisions of relevant DTAA 3,000,000/- per annum (to a non-resident but citizen) (If the aggregate interest income from a bank/ financial institution exceeds Rs. Interest (Excluding exempt interest) or discount On following payments made to Non- Resident Persons Deduction of WHT is applicable by any person on any payment or allocation which has a source in Sri Lanka, subject to the provisions of relevant DTAA On the amounts paid as winning from lottery, reward, betting or gambling The portion of the gains and profits of any insurer engaged in the business of life insurance įrom the Sale price of any gem sold at an auction conducted by the National Gem & Jewellery Authority. Relocating International headquarters in Sri Lanka Gains and profits from manufacture and sale or import and sale of any liquor or tobacco products Gains and profits from conducting betting and gaming (subject to the tax rate for SMEs, exports, Specified undertakings) Gains from the realization of Investment Assets Gains & Profits from Dividends received from a resident Company Gains & Profits from providing Health Care Services Gains & Profits from providing Construction Services Gains & Profits of an undertaking for the promotion of Tourism Gains & Profits from Educational Services Gains & profits Specified undertaking (as defined in section 195) Gains & Profits from a business of sale of goods or merchandise where the payment for such sale is received in foreign currency and remitted through a bank to Sri Lanka Gains & profits from the business of Small and Medium enterprises (excluding the business of betting and gaming or from sale of liquor other than those gains and profits are merely incidental to another business) Taxable income of a company (Other than companies taxed at special rates) Standard rates of 6%,12%, on each Rs.3,000,000 and 18% on the balance With respect to compensation for loss of office which has not been approved by the CGIR, payment from provident fund (which is not a regulated fund or not an approved fund by the CGIR), other payments or any retirement non-cash benefit (Commuted pension, retiring gratuity, ETF or Approved compensation which is uniformly applicable to all employments). Tax on Terminal Benefits from Employment Application of Concessionary Rates
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |