March 02, 2021
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    2016 Budget Highlights

    November 20, 2015

    English and Tamil tele-dramas, movies and advertisements to be exempted from taxation.

    Minister Ravi Karunanayake proposed to simplify tax code and to increase tax revenue to 18% of GDP by 2018


    Minister Ravi Karunanayake also said Sri Lanka would be made asbestos free by 2018. Roofing tile companies to be granted a 50% tax incentive for three years to encourage production of enviornmentally friendly material.

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