MINERAL TAX – SGPREVENUE

MINARAL TAX

Definition 

Mineral Tax is charged under  section 10 (2) of the Financial statute No 06 of 1990 and section 14(2) of sabaragamuwa provincial finance(Supplementary Provisions)  Statute No 10 of 1994.

There shall be charged on – Where any person has been granted the right to mine and sell  which remove any materials (except gem)  from land, situated within the  Sabaragamuwa province.

Minerals which are related Tax

  • Sand
  • Granite
  • Graphite
  • Calcite
  • Feldspars

 

Effect  from-  1st of January 2003

Tax Rate-0.5% on total turnover

Gazettes- 1255/30  2002.09.27

Payment-

  • 1st Quarter – From 1st of January to 31st of March
  • 2nd Quarter- From 1st of April to30th  of June
  • 3rd Quarter – From 1st of July to 30th of September
  • 4th Quarter – From 1st of October to 31st of December

Revenue Collection –

YearRevenue Rs.
20164058626
20154157674
20143902563
20133582888
20123349972
20111910295
20101882000
2009773326
20082179993
20072004647
20061008495
2005845121
2004755263
2003437387