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Budget highlights at a glance

Budget highlights at a glance | The Sunday Times Sri Lanka: Budget highlights at a glance

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- Casino entry fees US $ 100 per person; increase of Gaming Levy to 10 per cent of turnover to raise further revenue of Rs. 2,500 million.
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- Judiciary, Tax Department and default taxpayers to assist settlement of disputed tax and EPF payment arrears within 6 months. Property of such tax defaulters to be vested in the State.
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- Maximum PAYE tax at 16 per cent for wage earning employees and professionals
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- Foreigners can obtain land through long lease by paying land tax at 7.5 to 15 per cent. The tax to earn Rs. 2,000 m.
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- Enforce exchange control regulations to prevent foreigners from engaging in illegal land transactions.
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