The tax concession package introduced by the new government came into effect from yesterday (1).Accordingly, the tax restructuring on indirect taxes will come into effect from December 1, while concessions given on direct taxes will be implemented from January 2020, Information and Communication Technology, Higher Education, Technology and Innovation Minister Bandula Gunawardena said. The Finance Ministry has issued the relevant gazette notifications relevant to these concessions, Minister Gunawardena also said.
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