Sri Lanka's government is planning to impose a capital gains tax on profits from equities in view of attempting to shore up its Finances to qualify an International Monetary Fund's loan according to Minister Of Megapolis and Western Development Patali Champika Ranawake.The Minister has further stated that government will definitely impose a capital gains tax on stock exchange to land transactions .
The Government is currently drafting a new legislation for capital gains tax with technical inputs from the IMF he has further added.
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