CESS Duty
(1) CESS on Beedi leaves will be increased up to Rs.3,500/- per kg. (2) CESS on items classified under following HS Codes will be removed. (0408.11.00 0802.32.00 0802.62.00 0810.20.00 0813.10.00...
View ArticleCustoms Import Duty
Revision of Customs Import Duty (1) Rate of the Custom Import Duty on selected goods will be revised (2) Unit rate of the Custom Import Duty will be increased by 10% on importation of selected goods...
View ArticleExcise (Special Provisions) Duty
(1) Excise Duty on cigarettes will be increased by 12% (2) The exempt quantum of sugar contained in beverages will be revised (3) Excise Duty on palm oil fatty acids will be revised (4) Excise Duty on...
View ArticleFinance Act
Carbon Tax and Luxury Tax on Motor Vehicles are subject to revise with effect from 1st June 2019.
View ArticleBetting and Gaming Levy
Betting and Gaming Levy (Amendments to the Betting and Gaming Levy Act, No.40 of 1988) (1) Revision of Annual Levy (1.1) Annual levy for carrying on the business of gaming other than playing rudjino...
View ArticlePorts and Airports Development levy (PAL)
(1) With the view of promoting tourism sector and to reduce the upfront cost of local manufacturing industry, PAL on the items classified under HS Codes 0712.20.00, 0712.90.10 and 7801.10.00 will be...
View ArticleEconomic Service Charge (ESC)
Economic Service Charge (ESC) [Amendments to the ESC Act, No.13 of 2006] (1) Amendment to the definition of the term “distributor” Definition of the term “distributor” will be clarified to include any...
View ArticleNation Building Tax (NBT)
Nation Building Tax (NBT) [Amendments to the Nation Building Tax Act, No.9 of 2009] (1) The exemption on the importation of rough unprocessed gem stones for reexport after cutting and polishing will be...
View ArticleValue Added Tax (VAT)
Value Added Tax (VAT) [Amendments to the Value Added Tax Act, No.14 of 2002] (1) The piece based VAT rate applicable on domestic sale of certain garments by the export oriented BOI companies will be...
View ArticleIncome Tax
Income Tax (Amendments to the Inland Revenue Act, No.24 of 2017) 1.1 Exemptions 1.1.1 The Earnings by any non-resident person on any sovereign bond denominated in local or foreign currency will be...
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