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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Budget 2016 - Favorable for CSE and FDI Happy Monday

Budget 2016 - Favorable for CSE and FDI Happy Monday

+6
Yahapalanaya
Chinwi
kumarweerarathne
capitallinkceylon
peacockman
piras
10 posters

Go down  Message [Page 1 of 1]

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Up to now budget is favorable for CSE.
Foreigners and funds will flow to SL and CSE soon.

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Tax on leasing land to Foreigners removed...

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Upto now okay

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Still we are okay...
Lot of favourable announcements

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Waiting for the statement on corporate taxes..

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Corporate Tax

Higher rate will be applicable for the profit and income of betting and gaming, liquor, tobacco and banking and financial services, including insurance and leasing industry and the trading activities.

Tax Rate = 30 %

All the other sectors will be subject to the standard rate of 15 percent.  

Yahapalanaya

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

Chinwi wrote:Corporate Tax

Higher rate will be applicable for the profit and income of betting and gaming, liquor, tobacco and banking and financial services, including insurance and leasing industry and the trading activities.

Tax Rate = 30 %

All the other sectors will be subject to the standard rate of 15 percent.  
I hope banking and finacial institutions already paying 30%. Question Question Question

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Customs Duty

Presently 4 tariff bands are applied for customs duty
i.e. exempt, 7.5 %, 15 %, 25 % and a fixed higher rate.

New proposal
exempt, 15 % and 30 %

Annual Emission Test Charge

A fee charged on the certificate of emission test will be enhanced to Rs. 5,000.

Abolish all the vehicle permits granted under different schemes to Govt servants ,  politicians and to Parliamentarians.

to increase the Embarkation Levy from USD 25/- to USD 30/-. This will be applied for both ship and air passengers.

Sale in the Domestic Market by Export Oriented Companies

Export oriented BOI companies will be permitted to supply upto 5 % of its products to the local market

to impose an annual fee on all the registered companies collectible by the Registrar of Companies. Further in order to discourage  voluntary registration, I propose to charge Rs. 500,000/- on voluntary liquidation of companies

To avoid Sri Lanka being a dumping ground, the importation of used washing machines, used TVs and used mobile phones will be banned with effect from January 01, 2016

propose to impose a fine of Rs. 10,000/- in addition to the damages to the public property, in case of a road accident.


To address the short supply and high prices of building materials such as steel, tiles and sanitary ware, import related duties will be revised downwards. Further, I propose to remove tiles, ceramic, and sanitary ware, from the negative list of the BOI.

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dear CHINWI!
Please tell me that these are affected after the budget or not please.
TILE ,LWL ,RCL
CLPL
LLUB
LIOC
CTC , DIST , LION , BREW
Thank you.

dennam jambu


Senior Equity Analytic
Senior Equity Analytic

good budget, i didnt expect this kind of budget from ravi . he was in my negative list. now i have removed him from my negative list after the budget.one good thing is removal of permit from government and mps. this is a bad bribing method used by MR.Ravi must stand firm to implement this proposal.reduction of tax on electronic etc is also a good one. this will improve tourism and trade.and to bringing in manufacturing firm in to country. dubai is using this system. the import tax os only 4%. dubai became a world trade hub because of this. it had attracted almost all the famous manufacturers to open up factories.we should slowly get out from subsidy dependent  economy.

dennam jambu


Senior Equity Analytic
Senior Equity Analytic

to get the maximum boost to the cse from this budget ravi must kick out thilak karunaratna from the SEC.this Lethargic old man is a stumbling block .

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Very good move to reduce the monopoly power over the TILE market by RCL.....

Also Consumer authority should reverse take over of TILE,Wall Tile by RCL to prevent Monopoly in Tile market.

I dont want to pay LKR10,000 per 2x2 Rocel tile in future.

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

HDFC,to merge with SMIB..Very good move,HDFC Will have a good time,more stronger housing development bank..

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