Banks instructed to provide Rs. 01 Mn loan at concessionary interest of 4% to boost gem industry

Colombo (News 1st);  President Gotabaya Rajapaksa decided to remove the 14% income tax imposed on the profit earned by the gem and jewelry manufacturers and the 15% tax on gold imports. The income tax concession given to the gem and jewelry industry since 1971 was done away with under the income tax policy introduced in […]

Banks instructed to provide Rs. 01 Mn loan at concessionary interest of 4% to boost gem industry