Further steps would be taken through the 2017 Budget to encourage the listing of companies with the Colombo Stock Exchange (CSE) said Finance Minister Ravi Karunanayake while presenting the Appropriation Bill for 2017 in Parliament.
Towards this, the existing tax concessions would be continued without any changes, added Minister Karunanayake.
Meanwhile, the Finance Minister added that new companies being listed under the CSE during 2017/18 would be entitled to a percentage of the capital paid as income tax for three years prior to being listed.
Furthermore, the 2017 Budget also proposes to remove tax exemptions on listed securities, dividends, unit trusts and other investments, and to remove the Notional Tax Credit imposed on securities transactions in the secondary market.