Aluth budget ekata anuwa 2.4 million wenakal tax free. Issara half a million witharai, eeta passe incremental tax wadune.
Dan 15% flat rate for every one.
If your annual income is less than or equal to 2.4 million: tax free
2.4 million: 2.4m tax-free, 0.1 taxable; LKR 15,000 tax.
100 million: 2.4m tax-free, 97.6m taxable; LKR 14.64m tax.
Foreign incomes are tax-free as long as you receive them in the foreign currency (western union, etc doesn't count because they convert currency to LKR). Go for SWIFT bank transfer to an RFC account.
Share market income is tax-free.
thanks bro, man beluwa RFC accounts gena,
Benefits of a Foreign Currency Account
All you need is US $ 25 or equivalent to open an NRFC account and US $ 500 or equivalent to open a RFC account.
Interest income is exempt from Income Tax and Withholding Tax
Interest is calculated on a daily basis and credited to your account quarterly.
Gain when your chosen currency appreciates against the Rupee.
Set up regular or occasional standing orders to a third party account in rupees or in your chosen currency.
Higher Returns on your Foreign Exchange
Immediate access to credit facilities at preferential rate against the security of foreign currency deposit up to 90% of the prevailing value in Sri Lanka rupees while the deposit continues to remain in foreign currency and earn interest. This amount will be automatically available to those who maintain more that US$5,000 or equivalent in their accounts
othana kiyala tiyenne tax walin free wenne interest eka kyala witarane neda? :O