Further tax concessions for state land leased for agriculture

22 February 2018 12:01 am - 0     - {{hitsCtrl.values.hits}}

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The cabinet has taken a decision to award further tax concessions for state lands provided on a long-term lease basis for commercial agriculture. Land and Parliamentary Reforms Minister Gayantha Karunathilaka said such lands will be exempt from charge of three times as the annual tax and will be charged only 20 percent of the previous year’s tax amount, instead of the 50 percent tax increase in every five years.

 

He also said if such a lease is renewed, its value will be assessed as an increase of 20 percent from the previous lease.  

 

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

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