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::

* Sri Lanka to sign revised agreement with Singapore to avoid double taxation
Fri, Mar 21, 2014, 10:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 21, Colombo: Sri Lanka will sign a revised agreement with Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, the government media unit said.

The Cabinet of Ministers has granted approval for the President, in his capacity as the Minister of Finance and planning, to sign the revised agreement at Government level and to present it in Parliament for approval in terms of the provisions of the Inland Revenue Act, No.10 of 2006.

The negotiation to revise the existing Agreement with Singapore which was signed in 1979 was held at the Inland Revenue Authority of Singapore in Singapore. The revised Agreement was initiated at official level on October 24, 2013.

The Avoidance of Double Taxation agreements eliminate the double payment of taxes by nationals and enterprises of each of the two countries in the territory of the other. Sri Lanka currently maintains such agreements with 41 countries.

ColomboPage - Recent 10 Stories
Doubts raised on Pope's visit to Sri Lanka amid snap presidential polls
-- [17 minutes ago]
Opposition MPs say election materials are being prepared in Sri Lanka Port Authority Defense Training School
-- [47 minutes ago]
Sri Lanka to appeal to Europe Court of Justice on lower court ruling to lift sanctions on LTTE
-- [1 hour and 21 minutes ago]
Browns Hotels and Resorts of Sri Lanka to develop four-star hotel in Maldives
-- [3 hours ago]
India to supply two naval offshore patrol vessels to Sri Lanka - report
-- [3 hours ago]
Sri Lanka police use water cannons and tear gas to disperse university students' march
-- [4 hours ago]
Sri Lanka's Sinhala Buddhist extremist group to contest for the upcoming elections
-- [4 hours ago]
Sri Lanka External Affairs Minister defends ministry secretary against 'unfounded allegations'
-- [4 hours ago]
Iran calls for expanding politico-economic relations with Sri Lanka
-- [5 hours ago]
Opposition lawmakers on fact finding mission attacked in Sri Lanka

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.