Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Friday, 30 January 2015
Mansion, Exit, Super Gain taxes introduced
A new Mansion tax has been introduced by the Government, Ravi Karunanayaka said a short while ago. Mansion valued at over Rs.100 million or comprising over 5,000 square feet will be taxed Rs.1 million per house.
All Sri Lankans who migrate to another country will be liable for a 20% exit tax, Karunanayaka added. He also added that a super gain tax of 25% will be applicable for organizations that record a profit of over Rs. 2000 million.