Sri Lanka Minister of Finance Ravi Karunanayake has delivered the country's 2017 Budget. The main tax-related measures of the Budget include:
- The corporate tax rate structure will be amended as follows:
- 14% for exporters of goods and services, Agricultural sector, and Education sector;
- 40% for liquor, tobacco, lottery, betting, and gaming;
- 28% for all others, including banking, finance, manufacturing, and trading;
- The current 10% corporate tax rate that applies for income from funds, divid…