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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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Sri Lanka to unveil massive incentives for large investments EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka to unveil massive incentives for large investments EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

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Sri Lanka to unveil massive incentives for large investments EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

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Sri Lanka to unveil massive incentives for large investments EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka to unveil massive incentives for large investments EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka to unveil massive incentives for large investments EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka to unveil massive incentives for large investments EmptyThu Mar 30, 2023 9:25 am by yellow knife

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Sri Lanka to unveil massive incentives for large investments EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka to unveil massive incentives for large investments EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka to unveil massive incentives for large investments EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka to unveil massive incentives for large investments EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka to unveil massive incentives for large investments EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka to unveil massive incentives for large investments EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka to unveil massive incentives for large investments EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka to unveil massive incentives for large investments EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka to unveil massive incentives for large investments EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka to unveil massive incentives for large investments EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka to unveil massive incentives for large investments EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka to unveil massive incentives for large investments EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

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» Cboe Volatility Index
Sri Lanka to unveil massive incentives for large investments EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka to unveil massive incentives for large investments EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptyFri Mar 10, 2023 10:38 am by yellow knife

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Sri Lanka to unveil massive incentives for large investments EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

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Sri Lanka to unveil massive incentives for large investments EmptyTue Feb 14, 2023 3:54 pm by ruwan326

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Sri Lanka to unveil massive incentives for large investments EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

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» Banks, Finance & Insurance Sector Chart
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Sri Lanka to unveil massive incentives for large investments EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

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» WATA - Watawala
Sri Lanka to unveil massive incentives for large investments EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka to unveil massive incentives for large investments EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka to unveil massive incentives for large investments EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka to unveil massive incentives for large investments EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka to unveil massive incentives for large investments EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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2 posters

    Sri Lanka to unveil massive incentives for large investments

    sashimaal
    sashimaal
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    Sri Lanka to unveil massive incentives for large investments Empty Sri Lanka to unveil massive incentives for large investments

    Post by sashimaal Thu May 04, 2017 2:44 pm

    May 04, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act plans to include investment incentives which provide massive depreciation allowances for investors.

    The government said this depreciation allowance will be applicable for companies that incur expenses on depreciable assets other than intangible assets during a year based on the amount of investment, employment generation and the geographical location.

    Accordingly, 150 percent depreciation allowance will be granted for investments with over 2,000 million US dollars and those investors also get 25 years for unrelieved losses.

    Investments between 100 million and 2,000 million US dollars will get 150 percent depreciation allowance with 10 years to claim unrelieved losses.

    Investments between 50 million and 100 million US dollars will get 100 percent depreciation allowance with 10 years to claim unrelieved losses.

    Investments for port development with over 2,000 million US dollars will get 100 percent depreciation allowance with 25 years to claim unrelieved losses. No corporate tax will be applicable for them until the investment allowance is fully absorbed.

    Two hundred percent depreciation allowance will be granted for investors bringing in investments in the range of three million US dollars for a period of three years for the Northern Province.

    Hundred percent depreciation allowance will be provided for investments in other provinces in the range of three million US dollars for a period of 3 years.

    The government has promised to bring this new legislation to Parliament by June, with fiscal consolidation reforms being part of an IMF support programme.

    Ethical Trader
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    Sri Lanka to unveil massive incentives for large investments Empty Re: Sri Lanka to unveil massive incentives for large investments

    Post by Ethical Trader Fri May 05, 2017 4:08 pm

    Thanks.

      Current date/time is Sat Nov 16, 2024 7:54 am