Header Ad

Sri Lanka to charge debit tax bank withdrawals, ‘easy cash’

ECONOMYNEXT – Sri Lanka will charge a tax of 5 rupees for every 10,000 rupee transaction made by banks and financial institutions, a budget for 2017 said.

It amounts to a debt tax of 0.05 percent.

It will apply to transactions at financial institutions including ‘easy cash’ the budget said.

The ‘Financial Transaction Levy’ will be deductible for income tax.

Latest Comments

Your email address will not be published. Required fields are marked *