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Sri Lanka to impose ‘super gains’ tax on company profits

EconomyNext – Sri Lanka will impose a 25 percent ‘super gains tax on companies earning over two billion rupees in net profit, Finance Minister Ravi Karunanayake said.

"There are only 35-40 companies who will have to pay it,’ he told parliament while presenting the government’s interim budget. 

"This will be a one-time tax. We want to share excess profits companies are making with the people."