FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by David VKMS Today at 12:28 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Today at 10:42 am

» GLAS will be winner with Super Gain.
by SL-INVESTOR Today at 9:14 am

» "MFL" DEAL to 12 RS (multi finance plc)
by sahan8896 Today at 7:48 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Yesterday at 11:51 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by ChooBoy Yesterday at 9:35 pm

» Growing Fear
by Wickyz Yesterday at 8:15 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 7:40 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Yesterday at 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Yesterday at 11:37 am

» There are howmany funds in Sri Lanka?
by reyaz Tue May 04, 2021 4:52 pm

» Positive for BIL
by samaritan Tue May 04, 2021 3:33 pm

» The Introduction of COVID 19 Vaccine and CSE
by Mr. X Tue May 04, 2021 1:22 pm

» HAYLEYS FIBRE PLC (HEXP.N0000)
by samaritan Tue May 04, 2021 1:21 pm

» Next market support level
by celtic tiger Tue May 04, 2021 1:17 pm

» NDB.R An opportunity not to be missed
by stocknoob Tue May 04, 2021 12:56 pm

» Lanka Aluminum
by stockchaser Tue May 04, 2021 11:33 am

» Ban of chemical fertilizers is a great news
by Mr. X Tue May 04, 2021 9:43 am

» Jordan Belfort(The Wolf) vs Gorden Gekko who is the best Stock market related movie character ?
by dayandacool Tue May 04, 2021 7:40 am

» PAN ASIA BANKING CORPORATION PLC (PABC.N0000)
by wealth123 Mon May 03, 2021 9:37 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lankan government to revise mansion tax proposed in interim budget

Sri Lankan government to revise mansion tax proposed in interim budget

Go down  Message [Page 1 of 1]

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Feb 01, Colombo: Finance Minister of Sri Lanka Ravi Karunanayaka says that the proposed mansion tax in the interim budget presented last week will be "fine-tuned."

The government's interim budget proposed a mansion tax of Rs. 1 million on houses that are worth over Rs. 100 million or having 5,000 square feet, whichever is higher on an annual basis.

Introducing the mansion tax during the budget speech, Minister Karunanayaka said that there is a need to introduce a mechanism to collect due revenue to the government arising from the high end luxury house owning segment in Sri Lanka.

The relevant tax, in addition to local authority rates and taxes, would be collected on an annual basis commencing 2015 through the local authorities.

The government is to now revise this proposed new tax. Finance Minister Karunanayaka said that there is confusion over this levy, which was mooted to get tax defaulters who were building palatial houses with the money they have earned to pay a tax for such earnings.

The Finance Ministry according to reports is to now increase the floor area of houses and place a construction date from which the levy would be applicable.

http://www.colombopage.com/archive_15A/Feb01_1422773590CH.php

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This budget is with a huge leftist twist.
They want to appeal to the masses as if the super rich are whom they are attacking and not that they are wooing the popular vote.

Why don't they themselves adjust their life styles in line with their statements so far made on good governance?


All this rubbish about caring for the poor is a veneer and what's underneath will surface in very ugly patterns. Mark my words!

EquityChamp

EquityChamp
Moderator
Moderator
Will there be amendments for super gain tax as well?

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:Will there be amendments for super gain tax as well?

Yes. Definitely.

Representations will be made through the chamber of commerce and other business channels or lobbying until this is sorted out.

Most probably it may be postponed or reduced to a better and acceptable formula instead of 25% of profits. May be other factors should be considered as differed taxation benefits are also involved and the auditors will have nightmares certifying the accounts as at 31st March.

EquityChamp

EquityChamp
Moderator
Moderator
Hope some thing positive will happen and the market reversal.

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:Hope some thing positive will happen and the market reversal.

You may be in the highway going the opposite direction.
lol!

EquityChamp

EquityChamp
Moderator
Moderator
I am optimistic under any csenario because nothing will happen by worrying with things especially in stock market.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If they can revise  Mansion tax why cant they revise Foolish and

unaffordable to user buyers HYBRID car tax

Some people in fiance ministry getting something (Big thing) from big time car importers who have large number of HYBIDE cars at their sales points and stores ?

President and Prim minister should look in to this mater

I do not think Finance minister can understand this problem



Last edited by D.G.Dayaratne on Tue Feb 03, 2015 5:59 pm; edited 3 times in total (Reason for editing : to add more)

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@D.G.Dayaratne wrote:If they can revise  Mansion tax why cant they revise Foolish and

unaffordable to user buyers HYBRID car tax

Some people in fiance ministry getting something (Big thing) from big time car importers who have large number of HYBIDE cars at their sales points and stores ?

President and Prim minister should look in to this mater

I do not think Finance minister can understand this problem

Dear DG,

This is a quote from Upton Sinclair:

Upton Sinclair quote:

It is difficult to get a man to understand something when his salary depends upon his not understanding it.

It is more difficult to get a man to understand something when he is dealing with non monetary currencies.


Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum