2016 budget review

shadow walker wrote:2016 budget will be favorable for CSE..

Remove restrictions on Global Logistics Companies,which have the scale, capacity, capital and knowledge to expand services using Sri Lanka as the hub, to be able to invest, acquire and operate within a reasonable tax regime where new capital, business and employment is
generated to the local economy via global trade. -- (favorable for JKH,HAYL,HHL,SPEN) 


30% Tax on profit and income of betting and gaming, liquor, tobacco and banking and financial services, including insurance & leasing industry and the trading activities. And for others tax will be cut down to 15% from 28% -( Profit will be reduced by 2% in all the players in bank,finance, 
                                              insurance, liquor and tobacco Other than the above given
                                              companies, others will enjoy the tax reduction of 13%)

A surtax at the rate of 25 percent of income tax liability for tobacco, liquor and casino industries - (adverse for CTC,DIST,LION & BREW)    - Kindly note that they are liable to tax at 40% now.

NBT rate will be increased to 4% and certain exemptions will be removed. (will affect adversely for all  )   - Agreed, waiting for more clarification, they might give special categories like Present situation 50% of the Turnover liable to NBT for Buying and Selling, 25% for the Distributors


Remove stamp duty on credit cards for local purchases and stamp duty for foreign purchases will be increased to 2.5 percent -- (i think this will be a favorable move)  

Increase the Ports and Airports Development Levy from 5 percent to 7.5 percent, other than plant and machineries used for construction, dairy and agricultural industries which will be exempted --  

Increase the annual manufacturing license fee for a distillery to Rs.150mn, impose a single fee of Rs.150mn for liquor manufacturers as an annual license fee instead of the present complicated per bottle license fee system -- (adverse for LION, BREW, DIST)  

Beedi manufacturing license fee to be increased from Rs.1500/- to Rs.5,000/-, discourage the importation of beedi as a finished product by increasing Customs Duty -- (favorable for CTC)  

Importation of used washing machines, used TVs and used mobile phones will be banned with effect from January 01, 2016. -- (favorable for SINS, REG, SHL, BRWN and ABAN)  



2016 budget will be favorable for CSE.. 

there will be a crash in tobacco, liquor sectors (CTC,DIST,LION and BREW)
we can expect little bit decline in profit of banking sector and favorable for finance companies
competition of Global Logistics Companies will increase
we can expect good performance by Manufacturing Sector , Telecomunication sector  and  Plantation Sector.

you can view the full review PDF from this link..
https://drive.google.com/file/d/0B3UDb-EgtihMZW5Ed0RtemJxNTA/view?usp=sharing


this could be my last topic. its better to be quit.. now forum become a joke.  these days lots of jokers and their followers acting as god. they wants to control the SLEF..  moderators need to take action but No more moderators in action. they are powerless.. 




this is the place i learned about investment.. this one is my second account. i lost my 1st account due to email issue.. for the last 4 years i met so many professional members (SLSTOCK, REDBUL, SALT, SMALLVILLE,monster, Alchemist, Pathfinder, DHANUROX, SHARK, RPPA, EPS, VALUEPRICK, NC, YELLOW KNIFE, CHINWI) .. i miss you guys  




i think admins should take some proper action.. in the past SLEF means professional forum but now ? ..   the future of SLEF is up to you admin.. admins should take some proper action

karuna wrote:i also miss professional members. now only few members doing great job in here
bcz some are posting and recommend to buy people selling time they didn't think
other people it's like a joke so i have a ex/ sfl15/25 hdfc75 chicken 236/160/117
lioc43/ parq 67 have a more but i only the man i save so many people and they are money. some are posting huge lie and novels it's mean tax/ vat ,eps but they don't know how to calculate with asi,rsi tax,vat eps turnover but they only have a jells .

 i didn't know  why they trying to violate . if i am not in here u all buying gran tafl bfl
115,150,235 sfl 25/15 have a more.

and what i am saying buying right time wait sell right time . boruwata lokuu katha kiyanawa maloo hasarak nathuwa  so careful with them. other thing i don't need write novels with tax budget vat i know my point , and i am right 95% always .