Highlights of Budget 2021 and Tax Updates

Budget Proposal – Taxation Technical Notes
Budget speech 2021 presented by Prime Minister, Hon. Mahinda Rajapaksa, Minister of Finance on 17th November 2020, “Vistas of Prosperity and Splendor” to strength the short term and long term objectives of the current government.

There are few basic fundamentals of the taxations polices have been addressed and the policy of consistency of the taxation has been kept as the utmost priority to provide stable flat form for new investments. It has been addressed significantly the export oriented, manufacturing  industries of the economy to to grow keeping the tax policy stable and interest rates low. Foreign currency earners have been encouraged to generate more foreign currency flowing to the country. (Technical assessment)…

Technical Notes – Budget Speech 2021 Download