Special goods and services tax to be introduced
Budget 2021 Updates:
A Special goods and services tax to be introduced.
The company taxation law will be amended from April 01, 2021.
Income tax on revenue from Agriculture, fisheries & animal Husbandry will be removed for the next 5 years
50% income tax will be exempted for new local companies that will be listed on the Colombo Stock Exchange before December 31, 2021.