Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Belarus ratifies double taxation agreement with Sri Lanka
Mon, Dec 16, 2013, 10:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 16, Minsk: The Belarus government today announced that it has ratified an agreement with Sri Lanka to avoid double taxation on income.

The House of Representatives ratified the agreement between the Government of Belarus and the Government of Sri Lanka on the avoidance of double taxation and prevention of tax evasion with respect to taxes on income, Belarus official news agency BelTA reported.

The agreement between the two countries on Avoidance of Double Taxation and the Prevention of Fiscal Evasion was signed during Sri Lankan President Mahinda Rajapaksa's visit to Minsk in August 2013.

It aims to eliminate double taxation and to promote economic relations between the two countries and allows each party the right to tax certain types of income that natural persons and legal entities of one country get in the other country.

The agreement also provides for the exchange of information between the tax authorities of the two states, including for suppression of tax offences.

According to Deputy Minister for Taxes and Duties Ella Selitskaya, the agreement will create a long-term legal basis for a stable taxation regime for investors. The official stressed the importance of the document, taking into account the fact that the market of Sri Lanka is of great importance for Belarus.

Member of Permanent Commission for State Construction, Local Government and Regulations Elena Beresneva added that the bill would regulate tax relations between Belarus and Sri Lanka through provision each of the state with the right to tax certain types of income legal entities and individuals of one country get in the other.

ColomboPage - Recent 10 Stories
Sri Lanka ruling party secretary launches campaign for prime minister post
-- [3 hours ago]
Beggars under watch in Sri Lanka after an abducted child was found with a beggar
-- [3 hours ago]
Snap presidential election is unconstitutional, Sri Lanka Marxist party tells EC
-- [4 hours ago]
Sri Lanka CID investigates Rs. 1.5 billion fraud in purchasing coal for Norochcholai power plant
-- [5 hours ago]
Sri Lanka Opposition MPs who visited Port Authority ordered to appear in court
-- [6 hours ago]
Explosion at Sri Lanka Air Force camp injures three airmen
-- [6 hours ago]
Yuwanjana Wanasundera Wijayathilake sworn in as new Attorney General of Sri Lanka
-- [6 hours ago]
Sri Lanka fears de-proscription of LTTE in Europe will increase its activities
-- [7 hours ago]
Russian naval ship arrives at Sri Lanka's Colombo port on goodwill mission
-- [8 hours ago]
Sri Lanka President concerned about escalating terrorism, even in Canada

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.