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9:30 AM (b) on May 3

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Leadership as a Service

LaaS

Vote Lehan

Blessed be our "new founding father", who saved us a nation (Joke)

Sri Lanka: a nation reborn in Lehan (Joke)

# 1

#Sri Lanka

The image displays a table outlining various tax types and their details. The table is structured with two main columns: "Tax Type" and "Details."

### Tax Types and Details:
1. **Income Tax**: Described as a tiered system with rates of 10-15% for low-income earners, 25-30% for high-income earners, and a voluntary wealth tax of 0.1%.

2. **Corporate Tax**: Rates include 7% for multinational corporations (MNCs), 12% for small and medium enterprises (SMEs), 20% for large corporations, and 30% for harmful industries.

3. **Sales Tax**: A flat rate of 10% is applied, with a 20% luxury tax.

4. **Property Tax**: Progressive rates up to 10% for high-value properties.

5. **Import Tax**: 10% on essentials, 20% on non-essentials, with exemptions for medical and educational goods.

6. **Electronic Road Tax (ERT)**: Adjusts fares gradually from 5% to 15% based on congestion, with revenue directed to public transport.

7. **Automated Payment Tax**: 0.5% on digital transactions and a 2.5% surcharge on cash payments.

8. **Capital Gains Tax**: Tiered rates of 5-20% for long-term and 30-40% for short-term gains.

9. **Certificate of Entitlement**: 12% for vehicle permits and 18% for scheduled items.

10. **Sri Lanka Wealth Fund (SLWF)**: 20% for SLFT, 10% for NIC, and government employees can have up to 25% of owed taxes waived if invested in SLWF.

### Visual Elements:
- The table is neatly organized with clear headings.
- The text is presented in a standard font, likely black on a white background, ensuring readability.
- No images, logos, or additional graphics are present in the table.

### Context:
- The setting appears to be a digital document, likely a webpage, as indicated by the browser interface visible at the top of the image.
- The browser shows tabs related to finance and social media, suggesting the content may be part of a financial discussion or resource.

Overall, the image provides a detailed overview of various tax types and their respective rates and conditions, formatted in a clear and structured manner.

Elle

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