Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 23 March 2015
Facilities to pay ‘Mansion Tax’ in installments
The Sri Lankan government has amended the tax regulations to enable the ‘Mansion Tax’ introduced by the interim budget to be paid in four installments.
According to the amendments, the government has stated that an annual ‘Mansion Tax’ would be imposed on houses valued at more than Rs. 150 million or of floor area of more than 10,000 square feet, constructed after 01 April 2000.