Drugs and Chemical Tax

Definition

Drugs and Chemical 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

Any business regarding buying and selling, distributing and warehousing following items in Sabaragamuwa province.

  • Fertilize
  • Drugs
  • Chemical

Effect From

01st january, 2003

Drugs & Chemical Tax Rates   

0.5% on the Annual value.

Calculation of Tax

Annual value of the premises where the business is carried on *20%

Gazette

1255/30  2002.09.27

Payment

  • Half Annually –half of total tax should be paid before 15th of June  and 15th of December part of the rest
  • Annually –Before 15th of December

Penalty will be levied from 16th of December

REVENUE  COLLECTION

Year

Revenue Rs.

2003117764
2004169786
2005153735
2006432005
2007412921
2008415517
2009699144
2010710592
2011234254
2012534749
2013555605
2014571295
2015669329
2016664597