The Hon. (Dr.) Anil Jayantha
Dr. Anil Jayantha clarified the distinction in tax law between individuals and corporate entities, noting that “person” can include individuals, companies, and bodies corporate. He stated that while the discussion had focused on individuals exporting services, companies are subject to a standard 30 percent corporate tax rate, with a 15 percent rate applying to service exports, and said these categories should be considered separately.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Presiding Member, one minute. In tax law, “person” includes individuals, companies and bodies corporate. The discussion focused on individuals exporting services; hence I addressed that. For companies, the standard corporate rate is 30 percent, but 15 percent applies to export of services. They are separate constructs and should be discussed separately.
Provenance
- Source
- Hansard, Thursday, 20 March 2025 ·No. 1746596381071973 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/24052
Cite as: The Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 20 March 2025. No. 1746596381071973. Politick, https://staging.politick.io/lk/speeches/24052