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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Tax concession for motor vehicles

Tax concession for motor vehicles

3 posters

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1Tax concession for motor vehicles Empty Tax concession for motor vehicles Fri Jun 08, 2012 1:41 am

Rizmi

Rizmi
Manager - Equity Analytics
Manager - Equity Analytics
The Inland Revenue Department yesterday said any tax payer who pays an annual tax not less than Rs 250,000 continuously for 10 years, is entitled to have a 25 percent tax concession to import a motor vehicle. Department's Deputy Commissioner H BA Seneviratne said this facility is available to import vehicles below 16cc engine capacity only.

He said any state sector or private sector employee who pays tax above Rs 250,000 per annum is entitled to this facility.

http://www.dailynews.lk/2012/06/08/news14.asp



Last edited by npp on Fri Jun 08, 2012 7:34 am; edited 1 time in total (Reason for editing : Deleted additional "...")

2Tax concession for motor vehicles Empty Re: Tax concession for motor vehicles Fri Jun 08, 2012 1:52 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
who can believe these guys,what is the guarantee Very Happy the bugger will tell another story after few months or years

3Tax concession for motor vehicles Empty Re: Tax concession for motor vehicles Fri Jun 08, 2012 7:46 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Just look at the base figure given there and then you can see how many of them will be qualified for that concession. Very Happy

4Tax concession for motor vehicles Empty Re: Tax concession for motor vehicles Fri Jun 08, 2012 11:43 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kithsiri wrote:Just look at the base figure given there and then you can see how many of them will be qualified for that concession. Very Happy
our problem with politicians and government is there are no continuity, they change the rules halfway....its important we send the right signals to the investors to build confidence Cool mekatama hema welema maturanna wela tiyenne Mad

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