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Sri Lanka Equity Forum » Stock Market Talk » Corporate tax rate rise to 17.5 per cent from 15 per cent

Corporate tax rate rise to 17.5 per cent from 15 per cent

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Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Corporate tax rate rise to 17.5 per cent from 15 per cent company profits will be down. hard to companyies to grow becos have to pay more tax.  So reduces EPS from companies in the future. Bad news frndzz


5500 ? Or 5000 ?

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
if market going to 5500 level. before that ASI should touch 6250 level (resistance level)

cooperate tax increase not effect much. bcz plenty of companies using previous year Tax scheme (2014 November Budget)

nikan kalabala wenne epa

will see.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Pac-man this time clean out Laughing

hotstock


Manager - Equity Analytics
Manager - Equity Analytics
I stopped replying to his posts as his intention is not to clarify, not to share views but just blind crappy posts that nobody cares about!

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
hahaha dan ithin kalabala wenna epa

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@pac-man during MR regime corporate tax was 28%. This government brought it down to 15% for most of the companies and Finance sector increased to 30%.  Increasing from 15% to 17.5% isn't that big of a deal cause still most of the companies will enjoy more than 10% savings on corporate tax.

I dont know why this govt decreased corporate tax rate to 15% at the first place when we're in dire need of fiscal consolidation. if you look at it 28% tax rate was one of the lowest levels in the region. There was no outcry from the private sector saying corporate tax rate was high. 

CGT tax will have a short term bad effect on the equity market but in the long run equity market should recover strongly if this govt can increase tax revenue levels in a sensible way without hurting business confidence. 

Equity market performance reflects the Economy state of health. If the economy is doing well equity market will do well. Now we're in serious crisis due to this govt lack of direction. At least now PM came in and put his foot down saying we need increase our direct tax revenue by taking hard measures.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Government reduced the tax rates to encourage business community & attract foreign investors as well. Response from foreigners was not as expected due to tight monetary regulations. No alternative other than collecting additional taxes to meet urgent obligations.
In next year there may be another increase of tax rate which is inevitable that will not hit hard to corporations. Everything depends on efficiency of tax administration & collections.

EquityChamp

EquityChamp
Moderator
Moderator
Corporate tax, income tax and possibly business licenses will increase time to time as they will be the main source of the government direct taxes. Government plans to make the direct:indirect tax ratio to 40:60 by 2020 from current 15:85.

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