Sri Lanka hiked personal income tax rates in 2023. Value added taxes were raised to 15 percent from 8 percent last year. Another 2.5 percent cascading tax was imposed on top of VAT, the effect of which was estimated to be around 4.5 or more through the cascading effect. While value added...
Well for the “Individuals”to be taken in consideration first, to assure or comply to the fact that whether or not one should submit an income tax return per year, Income Tax Act Sri Lanka came up with some wonderful planning and sorting policies. If an individual meet any of the four ...
The objective of the study is to analyze what is impact of income tax default and arrears collection? And to identify factors influence in defaulting income tax in Sri-Lanka. Major part of the government revenue is collected through the well-defined system of tax administration for the survival...
ECONOMYNEXT – Sri Lanka’s quarterly income tax filed for the 2020 last final quarter had exceeded the 2019 number, despite lower rates showing that economic activity was starting to pick-up and some tax payers had also opened new files, Treasury Secretary S R Attygalle said. Corpor...
All income distributions and capital gains from the fund are exempted from tax within the fund since Unit Trust acts as flow through. However, individual tax brackets will apply to investors. Investment Details Bloomberg Code CEYINCF:SL Minimum Investment LKR 10,000/- Front End Fee Managem...
Serendib Land's net income to stockholders decreased in 2021 (19.134 million, -75.0%) and 2023 (28.895 million, -53.6%) and increased in 2020 (76.554 million, +976.5%), 2022 (62.328 million, +225.7%), and 2024 (49.407 million, +71.0%). How does undefined's Net Income to Stockholders...
2023, Small Business Economics Theories and definitions of the informal economy: A survey 2022, Journal of Economic Surveys Tax compliance and non-deterrence approach: a systematic review 2022, International Journal of Sociology and Social Policy Determinants of employees' participation in decision-making...
J. Clean. Prod., 390 (2023), Article 136092 Google Scholar [34] S. Nesha Dushani, M. Aanesen, C.W. Armstrong Willingness to pay for mangrove restoration to reduce the climate change impacts on ecotourism in Rekawa coastal wetland, Sri Lanka J. Environ. Econ. Policy, 12 (1) (2023)...
Pillar 2 Under the BEPS Pillar 2 model issued by the OECD, each in-scope multinational enterprise should pay a minimum effective tax rate of 15% on profits in each of the jurisdictions where they operate. On 29 November 2023, the Resolution on Global Minimum Tax policy in Viet Nam ("the...
Effect of Tax Structure on Income Inequality in Sri LankaTharani, KanthasamySiriwardhane, DineshaSilva, OshadhieAsian Finance Review (AFR)