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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » 24 listed Companies to pay Rs.27 billion Super Gain Tax in Sri Lanka

24 listed Companies to pay Rs.27 billion Super Gain Tax in Sri Lanka

5 posters

Go down  Message [Page 1 of 1]

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Super Gain Tax of 25% on profits is imposed on companies or individuals
earning profits of more than LKR 2 Bn in the tax year 2013/14 as a one
off payment. Approximately 24 companies in the listed space are
expected to be affected by this proposal and the estimated tax
collection from them is around LKR 27 Bn.

Super Gain Tax of 25% on profits is imposed on
companies or individuals earning profits of
more than LKR 2 Bn in the tax year 2013/14 as
a one off payment. The tax will be paid at the
company level.

impacted shares: JKH, COMB, CTC, HNB, DIST, SLTL, DIAL, LIOC,
CARS, SPEN, SAMP, PLC, NEST, SFIN, BUKI, DFCC,
AEL, NDB, CINS, LLUB, OSEA, AHPL, SEYB, NTB

EPS

EPS
Expert
Expert

boru kiyanda epa. methana godak ewa group companies. ewa ethule tiyana subsidiaries wenama tax gewanne. e ekakwath 2 bn paninne nathooooo...

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

What would be final effect on the Market cap. I have calculated below.

Tax =LKR 27bn
Market PER= 20 PER
Impact to Market Capitalisation:
LKR 27Bn X 20 PER
LKR 540 billion

You can also calculate the expected fall:
Current market cap =  LKR 3,000 Billion
Impact: LKR 540 Billion
% Impact = 540/3000
18%

Market should fall By 18%
Current Market ASI : 7200
Expected Fall: 1296 Points
Final ASI after adjustment : 6000

(This is a theoretical calculation and therefore please do not find fault with me if it does not fall to 6000)

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EPS wrote:boru kiyanda epa. methana godak ewa group companies. ewa ethule tiyana subsidiaries wenama tax gewanne. e ekakwath 2 bn paninne nathooooo...

Have look at financials and their profits dsrling.Boru neme

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics

EPS wrote:boru kiyanda epa. methana godak ewa group companies. ewa ethule tiyana subsidiaries wenama tax gewanne. e ekakwath 2 bn paninne nathooooo...

EPS, oya kiana eka hari.Boru kiyala market wattawanna balana kattiyak innawooo....Anith karanawa thamai meka gewanna wenne eka parai. Pasugiya mudal warshaaye labaya mtha.
Hilton, Pelawatta gannakota Ewaye watinakamath 27 bil yata wedi neda? namuth tika dawasak ani ani thibila passe ASI eka negge neda?

mendis86


Manager - Equity Analytics
Manager - Equity Analytics

2015 badget unp earn money by one time taxes for companys,casino we think its good for our poor people but the problem is if they win next election how they eran money for 2016 badjet

this gone be kill our economy

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