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<blockquote data-quote="sp4chamara" data-source="post: 20904754" data-attributes="member: 121416"><p>- 5 years entry multi entry VISA for investors & their skilled expatriate labour</p><p>- Foreigners are allowed to purchase property without a sri lankan parnership.</p><p>- Money declaration limit increase to US$ 15000 to $ 40,000</p><p></p><p>- Luxury and Semi-Luxury Motor Vehicle Tax to be revised.</p><p>- Introduction of a Financial Transaction Levy of 0.05% on the total transaction value of banks and financial institutions.</p><p>- Annual license fee and a fee on voluntary liquidation imposed on companies.</p><p>- Vehicle Entitlement Levy to be collected by the Director General of Customs at point of import with effect from 1 January 2017.</p><p>- Tele drama Levy applicable on foreign tele dramas dubbed in Sinhala and Tamil or any other language to be increased.</p><p></p><p>- Case filing fee to be imposed on any person filing a Court case in any Court.</p><p></p><p>- Telecommunication Levy on internet services which is currently at 10% is proposed to increase to <span style="color: Red"> 25%</span></p><p></p><p>- A SIM Card Activation Levy is proposed to be introduced on new SIM cards at the rate of Rs. 200 per SIM.</p><p></p><p>-<span style="color: SeaGreen"><strong> All mobile operators are required to upgrade their infrastructure to provide 3G coverage within 6 months. Failure to comply will result in a surcharge of Rs. 100 million per District.</strong></span></p><p></p><p>-</p></blockquote><p></p>
[QUOTE="sp4chamara, post: 20904754, member: 121416"] - 5 years entry multi entry VISA for investors & their skilled expatriate labour - Foreigners are allowed to purchase property without a sri lankan parnership. - Money declaration limit increase to US$ 15000 to $ 40,000 - Luxury and Semi-Luxury Motor Vehicle Tax to be revised. - Introduction of a Financial Transaction Levy of 0.05% on the total transaction value of banks and financial institutions. - Annual license fee and a fee on voluntary liquidation imposed on companies. - Vehicle Entitlement Levy to be collected by the Director General of Customs at point of import with effect from 1 January 2017. - Tele drama Levy applicable on foreign tele dramas dubbed in Sinhala and Tamil or any other language to be increased. - Case filing fee to be imposed on any person filing a Court case in any Court. - Telecommunication Levy on internet services which is currently at 10% is proposed to increase to [COLOR="Red"] 25%[/COLOR] - A SIM Card Activation Levy is proposed to be introduced on new SIM cards at the rate of Rs. 200 per SIM. -[COLOR="SeaGreen"][B] All mobile operators are required to upgrade their infrastructure to provide 3G coverage within 6 months. Failure to comply will result in a surcharge of Rs. 100 million per District.[/B][/COLOR] - [/QUOTE]
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