ඔව්.
මට නං වෙනසක් වෙන්නේ නෑ අපේ USD වලින් දෙන නිසා.
එත් ගොඩක් උන්ට මේකෙන් 20,000 ක වගේ පඩි වැඩිවීමක් වෙනවා වක්රාකාරව (උන්ම කපාගෙන උන්ම නවත්තනවා)
Ubalata 15% kapei ban
Tax proposals
Revenue Proposals
As per the Budget Speech 2025, the total estimated Tax Revenue is Rs.4,590 Bn, which consists of Revenue from Income Tax Rs 1,167 Bn, Taxes on Goods and Services Rs 2,772 Bn and Taxes on External Trade Rs 651 Bn.
The total revenue expectation for the year 2025 is Rs. 4,990 Bn (this includes tax revenue, non-tax revenue and grants) and is an increase of 22% from
2024. The following is a synopsis of tax proposals that would contribute to the tax revenue.
CaRate Increased
The Capital Gains Tax (CGT) rate
applicable for individuals and partnerships will be increased to 15%. The CGT rate applicable for all other entities will be raised to 30% in par with the corporate capital gains tax rate.
The CGT collection in 2023 was Rs 5,315 Mn. The increase in the CGT rate should contribute to an enhanced tax revenue.
2 Service Exporter' Exemption
• The exemption on gains and profits from services provided to a person outside Sri Lanka where foreign
Currently, to claim the exemption, a
currency is remitted through a bank in
taxpayer is required to remit money
Sri Lanka, is removed with effect from
to Sri Lanka. However, removing this
01 April 2025.
exemption may encourage the
• Clarity is required if the exemption
taxpayers to retain the funds outside
removal effects both corporate and
the country.
individuals.
3
CIT Rate of 15%
This proposal is estimated to contribute 0.04% of the GDP as per the IMF second review report.
• While the aforementioned exemption is removed, service exporters to be taxed at a concessionary rate of 15%
There remains an ambiguity on the removal of exemption for individuals.
w.e.f. 01 April 2025.
Key Budget Insights
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Post added on Feb 18, 2025 at 6:30 AM