Thursday, November 10, 2016

Annual Budget Proposals-2017

*Five Hundrad Thousand new houses for low and middle income groups from  next year


*Rs.25 million allocated to esrablish Amaradeva Music Acadamy in memory of late pandith W.A.D Amaradeva

*New Domestic  Air Line to be established from 31 st of March

*Telecommunication Levy to be increased by 25 percent.Corporate income tax revised.

+Ceylon Tobacco  Company requested  to donate Rs.500 million to Presidential Fund to be utilized  for the Anti Smoking campaign

*Levy imposed on foreign films and tele dramas dubbed into Sinhala and Tamil to be incteased from Rs.90,000 to Rs.300,000 per 30 minutes

*Cess Tax imposed on 100 items to be removed with imediatte effect

*PAYE Tax will be excluded upto Rs.Rs.100,000 per month


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