will it be a good impact?
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Is it on the budget and CSE?Lstyle wrote:There is a webinar on tomorrow from Capital Trust
Guys your ideas please on the impact of this surcharge on financial stocks specially on LoLC group shares ... Pls share your ideaResearchMan wrote:
- Financial Assistance for elders over 70 years 10,000
- No corporate tax changes other than one time tax for persons or companies with taxable income over Rupees 2,000 million for the year of assessment 2020/2021.
- VAT on banks and financial service providers under supply of financial services by specified institutions is proposed to be increased to 18 percent from 15 percent
- Rubber imports are banned
- Increasing the age of retirement to 65 for public employees
- A fine to be charged from motorists who have been involved in accidents
https://www.treasury.gov.lk/budget/highlights
https://www.treasury.gov.lk/documents/budget/2021/budget_highlight.pdf
https://www.lankabusinessonline.com/sri-lanka-budget-2022-live-coverage/
Ok bro thanks for your advice , so according to your view on Monday there can't be a huge impact on financial stocks rally right?ResearchMan wrote:@Stockchaser: I see temporary impact as it is one-off. Prominent sectors in this budget proposals are Irrigation, livestock (dairy & poultry), plantation, agriculture, and fisheries. You can understand why? Covid-19, dollar shortage led to support for local production. Import ban is boom for tile, palm oil producers/shareholders and vehicle owners. Doom for users, new users and consumers. Now it is rubber.
mah2903 likes this post
stockchaser wrote:Ok bro thanks for your advice , so according to your view on Monday there can't be a huge impact on financial stocks rally right?ResearchMan wrote:@Stockchaser: I see temporary impact as it is one-off. Prominent sectors in this budget proposals are Irrigation, livestock (dairy & poultry), plantation, agriculture, and fisheries. You can understand why? Covid-19, dollar shortage led to support for local production. Import ban is boom for tile, palm oil producers/shareholders and vehicle owners. Doom for users, new users and consumers. Now it is rubber.
One off surcharge Is nothing for them , don't create unnecessary panic. IF U COULD NOT BUY SORRY SEE WHAT WILL HAPOEN MONDAY.. DON'T CREATE UNNECESSARY PANIC
nigma likes this post
@ Sunimal take some medicine for your brain damagestockchaser wrote:One off surcharge Is nothing for them , don't create unnecessary panic. IF U COULD NOT BUY SORRY SEE WHAT WILL HAPOEN MONDAY.. DON'T CREATE UNNECESSARY PANIC
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