Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum
Sri Lanka's leading discussion forum for Stock Market Investors since 2010.
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 324219 messages in 49805 subjects
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1132 ]
27% 27% [ 418 ]

Total Votes : 1550

Latest topics
» WELCOME MANGALA
by kovida Yesterday at 11:24 pm

» Teller, The Great Manipulator Of HEXP
by Rifanmoh Yesterday at 7:31 pm

» Reson behind PCHH.N
by nirowat Yesterday at 5:17 pm

» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
by reyaz Yesterday at 5:05 pm

» Isn't Mackwood Energy Limited a gem
by reyaz Yesterday at 5:02 pm

» Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact
by samcader Yesterday at 4:33 pm

» Sell your shares..market can be dropped
by Deen79 Yesterday at 3:11 pm

» What to buy ?
by Deen79 Yesterday at 2:48 pm

» SFS. Future.
by prabath Yesterday at 1:52 pm

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Yesterday at 1:47 pm

» SFIN _DIVDEND
by DHAVER88 Yesterday at 12:58 pm

» KEEP EYE ON TESS
by DHAVER88 Yesterday at 11:32 am

» KUMATA MERATA ADIKANANAYA POLISIYA HA WINISURAN ?
by reyaz Yesterday at 11:31 am

» HVA - HVA FOODS PLC
by AAABoy Yesterday at 11:02 am

» Sri Lanka: Mangala Samaraweera to be appointed as the Finance Minister today
by worthiness Yesterday at 10:44 am

» HSIG enjoy
by prabath Yesterday at 10:07 am

» Hotels will become active
by prabath Yesterday at 9:59 am

» SERA, Seen eka
by MRBRAVO Yesterday at 9:54 am

» NIFL VS TFIL WHO RUN THE SHOW?
by Eugine Fernando Yesterday at 9:42 am

» What is happening to MEL
by reyaz Yesterday at 9:37 am

» COCR and ASI
by Harry82 Yesterday at 9:11 am

» NEXT WEEK RUNNING SHARES
by Harry82 Yesterday at 8:50 am

» LETS HOPE FINANCE MINISTER WILL CHANGE
by Eugine Fernando Yesterday at 8:49 am

» People's Leasing Company
by thankrishan Yesterday at 8:48 am

» AFSL update...
by deli Yesterday at 7:05 am

» Finance Minister Change
by DS Wijesinghe Yesterday at 6:23 am

» TESS Share Quantity annalise of the last 07 days
by Richman Yesterday at 6:18 am

» WATA next target
by Yahapalanaya Yesterday at 4:21 am

» KHC Vs CFT
by sameboy Sat May 20, 2017 10:50 pm

» At least 30 % return within 30 days
by kumarweerarathne Sat May 20, 2017 8:26 pm

» NIFL RACE FINISH
by Teller Sat May 20, 2017 5:50 pm

» VFIN target price -- Rs 80.00 within 2 months
by venura Sat May 20, 2017 12:07 pm

» AINV A logical choice for now!
by reyaz Sat May 20, 2017 11:02 am

» GRAN @ 65 Technically
by anges Sat May 20, 2017 1:27 am

» GOOD to Collect
by anges Sat May 20, 2017 1:26 am

» LLMP good price.
by prabath Fri May 19, 2017 7:49 pm

» NIFL RACE FINISH
by sanjeewa1234 Fri May 19, 2017 5:08 pm

» kZOO why Drop
by sanjeewa1234 Fri May 19, 2017 5:07 pm

» FLCH WILL HIT 3.50
by Winner123 Fri May 19, 2017 4:06 pm

» When will be the AINV right issue ?
by Neluka Karannagoda Fri May 19, 2017 2:34 pm

» Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date
by worthiness Fri May 19, 2017 1:21 pm

» password request
by fortuneteller Fri May 19, 2017 1:16 pm

» RICH RICH RICH
by dow Fri May 19, 2017 11:55 am

» ABANS Unfair Offer Price
by fortuneteller Fri May 19, 2017 11:52 am

» Penny fiesta
by prabath Fri May 19, 2017 11:13 am

» VFIN.. is a Gem
by Harry82 Fri May 19, 2017 7:13 am

» GRAN Future
by DS Wijesinghe Fri May 19, 2017 5:54 am

» BLI for june
by fireshelter Fri May 19, 2017 12:52 am

» WHY GSP PLUS SHARES ARE COMING DOWN?
by reyaz Thu May 18, 2017 11:15 pm

» Why COCO still silent
by Teller Thu May 18, 2017 11:07 pm

» Wait there will be a chance to collect
by prabath Thu May 18, 2017 7:47 pm

» HEXP annual EPS Rs.33.41 and NAVPS is Rs.92.17
by worthiness Thu May 18, 2017 1:37 pm

» HEXP, WHAT IS BEHIND THE SCREEN
by Miss-Sangeetha Thu May 18, 2017 11:23 am

» TESS AGRO PLC
by MRBRAVO Thu May 18, 2017 8:42 am

» VONE.N0000 HOT SHOT .DON'T HESITATE
by The Hunter Thu May 18, 2017 8:28 am

» MALWATTE PLANTATIONS DONE WELL
by Yahapalanaya Thu May 18, 2017 3:05 am

» UDPL & BALA Future... Price
by Ran49 Wed May 17, 2017 10:34 pm

» BLI's wife - BFN
by Maharaja Wed May 17, 2017 9:26 pm

» NIFL TRADING PRICE
by sanjeewa1234 Wed May 17, 2017 8:49 pm

» KZOO BEST PRICE
by sanjeewa1234 Wed May 17, 2017 8:47 pm

» ASI will reach to it's ever high due to all the positive economic achievements ....
by worthiness Wed May 17, 2017 8:18 pm

» Teejay ends Q3 with a revenue growth of 33-pct despite challenges
by kumarweerarathne Wed May 17, 2017 5:49 pm

» Good Interim Results for Plantation
by jsilva Wed May 17, 2017 5:39 pm

» MPORTANT ANNOUNCEMENT REGARDING DATA ON CSE WEBSITE
by D.G.Dayaratne Wed May 17, 2017 4:28 pm

» HEXP will hit 100/= rs.
by Vacations To Sri Lanka Wed May 17, 2017 1:48 pm

» MEGA BULL MARKET AHEAD
by nirowat Wed May 17, 2017 1:45 pm

» HEXP will hit with the Financial report ?
by worthiness Wed May 17, 2017 1:41 pm

» CSF.N0000 any idea
by podda2 Wed May 17, 2017 12:37 pm

» Today BOGA....
by podda2 Wed May 17, 2017 12:18 pm

» MGT.N 20+ GSP++ BOOM BOOM
by D.G.Dayaratne Wed May 17, 2017 11:44 am

» Sell Poultry stocks....
by kcrRanz Wed May 17, 2017 10:42 am

» GRAN.N000 Below 65/=
by kcrRanz Wed May 17, 2017 10:37 am

» චීන - ලංකා නිදහස් වෙළඳ ගිවිසුම මේ වසරේ දී
by kcrRanz Wed May 17, 2017 10:07 am

» BPPL Moving on
by Elahara Wed May 17, 2017 10:07 am

» GSP+ හරහා වාර්ෂිකව යූරෝ මිලියන 300 ක්
by kcrRanz Wed May 17, 2017 10:05 am

» HEXP NAVPS - 91/= EPS - 32/= . Any dividend ?
by kcrRanz Wed May 17, 2017 9:56 am

» GSP+ be effected from May 19.
by worthiness Wed May 17, 2017 9:39 am

» Is it ? What's your comments?
by PrasannaMani Wed May 17, 2017 8:54 am

» Very Soon ,Very Soon....LCEM
by sureshot Wed May 17, 2017 5:35 am

» FLCH Browns Capital
by Yahapalanaya Wed May 17, 2017 4:04 am

» MGT.N000 Strong buying ......
by makoo Tue May 16, 2017 10:31 pm

» NIFL journey
by Top Trader Tue May 16, 2017 8:46 pm

» We Lease BG/SBLC/DLC/LC/MTN 100% Protected
by rgzlease101 Tue May 16, 2017 5:38 pm

» The US $ 1.5 Billion Or Rs. 231 Billion Mega ‘Growth Scam’ In Sri Lanka Committed By 2016 "Good Governance' Government - Is It Equal to the amount Yahapalanaya is receiving from IMF?
by MalcolmTurnbull Tue May 16, 2017 3:15 pm

» NOW LOOK FOR PAP
by Eugine Fernando Tue May 16, 2017 2:24 pm

» LIOC may earn the 2nd best profit in 2016/17
by D.G.Dayaratne Tue May 16, 2017 12:23 pm

» European Commission decision to grant GSP+ to #SriLanka
by kcrRanz Tue May 16, 2017 11:40 am

» Sri Lanka drops capital gains on shares, real estate targeted
by Maharaja Tue May 16, 2017 7:34 am

» http://biz.adaderana.lk/ආයෝජන-සඳහා-බදු-සහන-වැඩපිළ/
by sisira.wijeweera Mon May 15, 2017 10:49 pm

» GSP today.......
by kumarweerarathne Mon May 15, 2017 10:03 pm

» Warren Buffett predicts WannaCry
by Quibit Mon May 15, 2017 9:35 pm

» DIPP moving ....Dividend on the way
by Udara Rangana Mon May 15, 2017 8:38 pm

» Why AINV not move ?
by Eugine Fernando Mon May 15, 2017 4:29 pm

» James Taylor - Tea pioneer of Ceylon
by Quibit Mon May 15, 2017 3:13 pm

» Sri Lanka to give enhanced depreciation to boost investments: Ravi
by Quibit Mon May 15, 2017 3:10 pm

» “China and Sri Lanka are inseparably linked nations’ - Chinese academic
by Quibit Mon May 15, 2017 3:01 pm

» IMF Loan Sure - ASI 7000+
by worthiness Mon May 15, 2017 12:50 pm

» SFS going up...
by worthiness Mon May 15, 2017 12:28 pm

» HVA.N0000 .......................
by kcrRanz Mon May 15, 2017 11:29 am

Govt. announces new investor incentive scheme

View previous topic View next topic Go down

Govt. announces new investor incentive scheme

Post by PrasannaMani on Mon May 15, 2017 11:06 am

[size=32]Govt. announces new investor incentive scheme[/size]
2017-05-15 10:07:59
 0
 82

     


Minister Ravi Karunanayake. 
Pic by Nisal Badage

 
By Yohan Perera
The government yesterday announced a new investor incentive scheme with an enhanced depreciation allowance, an amount that can be taken off a business’ profit figure when calculating tax, to spur the sluggish investment climate prevailing in the country. 
Finance Minister Ravi Karunanayake, who announced the scheme said, the objective of it is to help realize the target of increasing investments up to US$ 5.6 billion at the end of the year and to enable employment generation. “The scheme is based on the size of investments,” the minister said.
Accordingly, investments not more than US $ 3 million made in the Northern Province will be entitled to a depreciation allowance of 200 percent while investments made in other provinces will be subjected to a depreciation allowance of 100 percent. 
However, the investments will have to be carried out within 3 years in order to qualify for the scheme.
Investments between US $ 3 to 5 million that provide employment to not less than 250 persons in the Northern Province will be entitled to a 200 percent depreciation allowance while in other provinces similar investments with same number of jobs will be subjected to a 100 percent depreciation allowance.
For investments between US $ 50 to 100 million, there will be a deprecation allowance of 100 percent irrespective of their geographical location while unrelieved losses can be claimed within 10 years.
Investments between US $ 100 million to US $ 2 billion will be subjected to a depreciation allowance of 150 percent, while the unrelieved losses can be claimed in 10 years. 
Also, investments over US $ 2 billion will be subjected to a depreciation allowance of 150 percent while unrelieved losses could be claimed in 25 years.
Depreciation allowance of 100 percent has been given to investments of more than US$ 2 billion on ports developments while unrelieved losses can be claimed in 25 years. 
They will be exempted from corporate taxes up to the period which the investment allowance is fully absorbed, and corporate tax would be charged at 7 percent for the next 15 years.
Those investments which are more than US$ 2 billion will be subjected to a withholding tax exemption during the accelerated depreciation allowance applicable period. They would also be exempted from dividend payments to non-resident companies and PAYE tax for maximum of 20 expatriate employees.

- See more at: http://www.dailymirror.lk/article/Govt-announces-new-investor-incentive-scheme-128862.html#sthash.12uGlD3l.dpuf
avatar
PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 223
Equity Stars : 604
Reputation : 0
Join date : 2016-10-15
Location : Colombo 03

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Who is online?
In total there are 58 users online :: 2 Registered, 0 Hidden and 56 Guests

kovida, Saman12

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.