Mon, 21 Jun 2021 Today's Paper

Share Transaction Levy to be reintroduced from April 15

13 April 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Colombo Stock Exchange (CSE) yesterday announced the reintroduction of Share Transaction Levy of 0.3 percent, which was removed by the 2016 budget. 

The charging of the levy will come into effect from April 15, 2016. Accordingly, 0.3 percent will be charged as a tax from every buyer and seller on the turnover of every share transaction conducted through the CSE. 


The reintroduction of Share Transaction Levy comes in the backdrop of Prime Minister Ranil Wickremesinghe proposing to charge capital gains tax, which was lobbied by the capital market regulator and the CSE. Market analysts welcomed the reintroduction of the Share Transaction Levy, saying that it was the most practical method to tax share transactions.

 

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.

  Comments - 0

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.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu

Vavuniya tusker’s demise DID TOO MANY ‘COOKS’ SPOIL JUMBO’S RECOVERY?

On June 11 Sri Lanka lost another one of its magnificent tuskers that succumb

Life and Times of Dynamic “Thamby” Arumugan Thondaman

Thamby”in Tamil means younger brother. It is also used widely as a pet name



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.