අලුත් ආදායම් බදු පනත සම්මත වේ.

[AccountsBuwa]

Withholding tax wadinne fd walata witharak nemeyi. Eth Withholding tax wadiwenawa kiyanne fd ekata wadina tax eath wadiwenawa. Interest ekata 14 wadinawa kiyanne fd daala terumak naa.

correction. 14% wadinne samagam walata. pudgalayanta 5% (increased from 2.5%)

 

[AccountsBuwa]

FD එකක පොලියට 14% ටැක්ස් කියලද මේ කියන්නෙ?,පොලිය මෙච්චර ලක්ෂ ගානකට වඩා අඩු උනොත් ටැක්ස් එකත් අඩුයි කියල එකක් නැද්ද?

14% සමාගම් වලට. පුද්ගලයන්ට 5% (කලින් 2.5%). සීමාවක් නම් දක්වල නැහැ

 

[DasunDe]

This is Tax Act drafted to Ghana Country by IMF
They gave it to the SL as a full copy only country's name difference

Sri Lanka = Ghana

 

[topkollek]

බදු ගෙවපියව් බයියො ලක්ෂ 58ක්ම. හොඳ වැඩෙ හිඟන බයියන්ට

 

[Vandetta]

මෙතන කියන්නේ එක නෙවෙයි. හැබැයි ස්ථිර තැන්පත් පොලියට ගහන බද්ද 5% දක්වා වැඩි කරලා. දැනට තියෙන්නේ 2.5% (පොලිය ලක්ෂ 15ට වැඩි නම් 8%).

In addition the interest earned is taxable even after paying WHT

 

[Shand5008]

http://documents.gov.lk/files/bill/2017/7/214-2017_S.pdf

 

[thinking_guy]

correction. 14% wadinne samagam walata. pudgalayanta 5% (increased from 2.5%)

Banku poliye hatiyata 5% kiyanneth loku gaanak ban. Hena asadaaranaayi.

 

[AccountsBuwa]

In addition the interest earned is taxable even after paying WHT

Yes only for companies.

 

[AccountsBuwa]

This is Tax Act drafted to Ghana Country by IMF
They gave it to the SL as a full copy only country's name difference

Sri Lanka = Ghana

Yes, but not the exactly the same yet the two statues look very similar Have a look:

Image: New Inland Revenue Act - Table of Contents

Image: Ghana Income Tax Act - Table of Contents

 

[DasunDe]

ඔන්න අපි IMFඑක ඝානාවට හදපු පනත මෙහෙටත් කොපි කලා..වැඩි කරන බදු වලින් ලබන අවුරුද්දෙත් ඇමතිතුමාලට ගොඩක් සැප වාහන ගෙන්වයි..රටට( රනිල්) ආදරේනම් බදු ගෙව්න්න හොදේ..මම මංගල​

 

[hansamalli]

Yes, but not the exactly the same yet the two statues look very similar Have a look:

Image: New Inland Revenue Act - Table of Contents

Image: Ghana Income Tax Act - Table of Contents

Division i...Divission ii
බලනකොට මුන් නාට්ටි,ෆිල්ම් විතරක් නෙවේ බදු පනතුත් අම්ම අප්පගෙ වගේ කොපි කරලනෙ

අපිට ඝානාවෙ PR(Permanent Residency )දෙයි ද හෙට අනිද්ද

 

[AnuradhaRa]

වක්‍ර බදු අඩු වෙලා
සෘජු බදු වැඩි වෙනවනං හොඳා තමා

 

[SadSandun]

In addition the interest earned is taxable even after paying WHT

WHT or with holding tax is deductible from your income tax. t is considered as an advance tax payment

 

[kinkon]

14% සමාගම් වලට. පුද්ගලයන්ට 5% (කලින් 2.5%). සීමාවක් නම් දක්වල නැහැ

සු කනවනෙ 2X වැඩි වෙලා

 

[SL Hypocrite]

Is there Capital gains tax for inherited property??

 

[AccountsBuwa]

Is there Capital gains tax for inherited property??

As I read the Act, it only excludes the capital gain on the sale of the principal place of residence of an individual, provided it has been owned by the
individual continuously for the three years. There is no distinction as to it was inherited or purchased.

 

[SL Hypocrite]

As I read the Act, it only excludes the capital gain on the sale of the principal place of residence of an individual, provided it has been owned by the
individual continuously for the three years. There is no distinction as to it was inherited or purchased.

In the the following scenario how would it work.. confused. You have inherited property from your grandfather to father and now with the son. the property is at Colombo 7 - 12 perch land and house and now valued at Rs. 156,000,000.00. The original deed is in 1923 is for Rs 67,000.00 the transfer to father deed of gift at 250,000.00 in 1975. Final deed of gift at Rs 2,750,000.00 in 2001 to the current owner who is the grandson of the original owner. The grandson wants to sell it and is he liable to tax on 153,250,000.00.???? It is not the principal place of residence.

 

[AccountsBuwa]

In the the following scenario how would it work.. confused. You have inherited property from your grandfather to father and now with the son. the property is at Colombo 7 - 12 perch land and house and now valued at Rs. 156,000,000.00. The original deed is in 1923 is for Rs 67,000.00 the transfer to father deed of gift at 250,000.00 in 1975. Final deed of gift at Rs 2,750,000.00 in 2001 to the current owner who is the grandson of the original owner. The grandson wants to sell it and is he liable to tax on 153,250,000.00.???? It is not the principal place of residence.

Your cost is not 2.75 million. Your cost will be deemed to be the market value at the time of the transfer to you (i.e. market value in 2001). For instance, assuming the market value was 100 million in 2001 and now you sell it for 156 million, then your capital gain is 56 million and you need to pay 10% as tax on the gain (ie 5.6mil in tax).

By the way, I just looking at the draft Act (or the bill) and things might change once it becomes the Act.

 

[AnuradhaRa]

තොපිට වැඩි පුර සල්ලි ටිකක් තියෙනවනං රටේ දියුණුවට පොඩ්ඩක් දියල්ලකො

නිකං සෝ එකට පල්ලි පන්සල් ගානෙ ගිහින් බත් මුල් බෙදනවට වඩා ඒක හොඳයි

 

[SadSandun]

Your cost is not 2.75 million. Your cost will be deemed to be the market value at the time of the transfer to you (i.e. market value in 2001). For instance, assuming the market value was 100 million in 2001 and now you sell it for 156 million, then your capital gain is 56 million and you need to pay 10% as tax on the gain (ie 5.6mil in tax).

By the way, I just looking at the draft Act (or the bill) and things might change once it becomes the Act.

yes, do you know anything on committee stage amendments on this?