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 to conduct survey on mental patients
-- [50 minutes ago]
Sri Lankan university students protest in Colombo
-- [1 hour and 24 minutes ago]
NGOs in Sri Lanka need government approval before receiving any foreign funds
-- [1 hour and 43 minutes ago]
Sri Lanka Cricket extends Marvan Atapattu's tenure as interim coach till August
-- [2 hours ago]
EU expresses concern over restrictions on NGOs and on freedom of expression in Sri Lanka
-- [3 hours ago]
Indian court asks for written correspondence over the proposed sale of warships to Sri Lanka
-- [3 hours ago]
India to upgrade 70 child development centers in Sri Lanka estate sector
-- [4 hours ago]
Sri Lankan and South African cricketers raise funds for the Sri Lanka Visually Handicapped XI
Sri Lankan minister not pleased with government's decision to broaden investigations of alleged war crimes
Sri Lanka Supreme Court allows animal sacrifice in Hindu Kovil under controlled conditions

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.