Tag: tax concessions

Sri Lanka announces tax concessions for new listings at CSE
Business, Economy, Equity Market, Taxation

Sri Lanka announces tax concessions for new listings at CSE

The government announced a proposal to grant 50 percent income tax relief for new listings at Colombo Stock Exchange (CSE). Delivering 2021 Budget speech Prime Minister & Finance Minister Mahinda Rajapaksa announced these plans which are aimed at boosting performances of CSE. In addition, these firms are to be only subjected to a 14% income tax rate for the next 3 years from 2021, as per the proposal.