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Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
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Circular to all District Secretaries, Divisional Secretaries, Chief Accountants and Finance Officers of Public Corporations & Statutory Boards- Deduction of Advance Income Tax/Withholding Tax on interest Payments on compensations for lands or immovable properties acquired by government for public purposes. - Inland Revenue Department (Circular No. SEC/2023/E/04)(17/07/2023)
A circular distributed by the Inland Revenue Department to relevant persons/institutions. Examples of areas covered include revisions to existing taxes/levies and imposition of new taxes.
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Calculation of Income Tax payable for the year of Assessment commencing on April 1, 2022 - Inland Revenue Department (Circular No. SEC/2023/E/03)(09/05/2023)
A circular distributed by the Inland Revenue Department to relevant persons/institutions. Examples of areas covered include revisions to existing taxes/levies and imposition of new taxes.
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