Definition
Mineral 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 – Where any person has been granted the right to mine and sell which remove any materials (except gem) from land, situated within the Sabaragamuwa province.
Minerals which are related Tax
- Sand
- Granite
- Graphite
- Calcite
- Feldspars
Effect from- 1st of January 2003
Tax Rate-0.5% on total turnover
Gazettes- 1255/30 2002.09.27
Payment-
- 1st Quarter – From 1st of January to 31st of March
- 2nd Quarter- From 1st of April to30th of June
- 3rd Quarter – From 1st of July to 30th of September
- 4th Quarter – From 1st of October to 31st of December