How the budget will affect Sri Lanka’s corporate sector and the stockmarket – C T Smith Stockbrokers – Lanka Business Online – Sri Lanka business and economy news as it breaks

Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed.

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Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed. A number of significant proposals impacting specific companies or sectors in the Colombo Stock Exchange have been put together by C T Smith Stockbrokers.

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Proposals that pose a threat to the corporate sector include the overall rise in the corporate tax burden and the increased VAT on financial services.

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download the full text of the report. (PDF File. About 170 kb)