High taxes in Sri Lanka discourage banks development role

  • 7 Apr 2008 17:05:10 GMT

    [ The 35 percent Corporation Tax and 20 percent Financial Value Added Tax (FVAT) are making it difficult for banks]

    AS most of the bank employees are not paying taxes, and as GOSL is not charging anything from the public or businesses for infra structure etc., this tax may be reasonable.