Hon. Sujeewa Dissanayake
Hon. Sujeewa Dissanayake asked about Kurunegala Plantations, noting that its landholding had fallen from 16,300 acres to 12,278 acres while it continued to be taxed as if it held the larger extent. He stated that despite earning a Rs. 634 million special profit and distributing 20 per cent to employees, the company still pays multiple Treasury taxes and 20 per cent withholding tax on dividends, and sought clarification on steps to correct the tax basis.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 My second supplementary concerns Kurunegala Plantations. It had 16,300 acres, but due to various actions including land given to the State and others, the holding has reduced to 12,278 acres. Nonetheless, last year, through our Board of Directors, we earned a special profit of Rs. 634 million and distributed 20 per cent of it to employees. However, the company still pays three types of taxes to the Treasury and 20 per cent withholding on dividends as if it has 16,300 acres, whereas income is from 12,278 acres. What steps are you taking to resolve this issue of paying taxes on lands the company no longer holds?
Provenance
- Source
- Hansard, Wednesday, 10 June 2026 ·No. 23707 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
- Permalink
/lk/speeches/21535
Cite as: Hon. Sujeewa Dissanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 10 June 2026. No. 23707. Politick, https://staging.politick.io/lk/speeches/21535