Tuesday, 3 November 2015

Officials get ready to collect hundreds of millions in extra taxes

With six finance bills coming into effect from Friday, the Government is taking measures to collect hundreds of millions of rupees in taxes, Inland Revenue Commissioner General Kalyani Dahanayake said.

Mansion Tax
Rs. 1 million will be levied annually from owners of houses worth Rs. 100 million or more or houses with a floor area exceeding 5000 square feet. The tax would be collected through the local authorities. This will be in addition to local authority rates and taxes.


(Source: Sunday Times)

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