Sri Lanka Budget for 2017

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…