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
Notices issued for over 950 premises for mosquito breeding on first day of Dengue Control Week
-- [1 hour and 11 minutes ago]
Sri Lanka Bar Association to take legal action against media organizations for slandering judges
-- [1 hour and 26 minutes ago]
Youth Business Sri Lanka partners with GS1 Lanka, to help young entrepreneurs
-- [1 hour and 58 minutes ago]
Sri Lanka's new High Commissioner to India pledges to enhance the relationship between two countries
-- [2 hours ago]
Sri Lanka's Expo Freight establishes country's first LEED Gold warehouse facility
-- [4 hours ago]
Leading economies offer Sri Lanka continued assistance to reduce its debt burden
-- [4 hours ago]
Sri Lanka to create a joint mechanism to reduce child molestation and violence against women
Sri Lanka's computer literacy rate is gradually increasing in all sectors- Census department report
FAO launches awareness program for Sri Lankan fishermen on preventing illegal fishing
All Party Conference will be convened to approve the delimitation report - Minister

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.