Aug 17, 2017

Tax concessions for internet, motorcycles & mini cabs

The 10pc telecommunication Levy on pre-paid internet data would be completely removed from September 01, says Finance Minister Mangala Samaraweera.
Meanwhile, the minister also said that production tax on mini lorries and single cabs will be reduced from Rs.10,000,00 to Rs.700,000.
Sri Lanka will cut excise taxes on small trucks by 300,000 rupees and motorcycles by between 50,000 to 90,000 as part of a program to boost youth entrepreneurship, he added.