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Budget for 2012-13

|Proposed Changes|Sri Lanka
Sri Lanka

8 November 2012, the Sri Lankan Government presented the Budget for 2012-13 before the Parliament. The main features of the Budget 2012-13 are as follows:

Direct taxation

The main direct tax proposals are as follows:

-   Deductions against Business Income:
-   100% depreciation for capital assets that are used to …

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