Drugs and Chemical Tax
Definition
Drugs and Chemical 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
Any business regarding buying and selling, distributing and warehousing following items in Sabaragamuwa province.
- Fertilize
- Drugs
- chemical
Effect From
01st january, 2003
Drugs & Chemical Tax Rates
50% on the Annual value.
Calculation of Tax
Annual value of the premises where the business is carried on *50%
Gazette
1255/30 2002.09.27
Payment
- Half Annually –half of total tax should be paid before 15th of June and 15th of December part of the rest
- Annually –Before 15th of December
Penalty will be levied from 16th of December
REVENUE COLLECTION
| Year | Revenue Rs. |
| 2003 | 117764 |
| 2004 | 169786 |
| 2005 | 153735 |
| 2006 | 432005 |
| 2007 | 412921 |
| 2008 | 415517 |
| 2009 | 699144 |
| 2010 | 710592 |
| 2011 | 234254 |
| 2012 | 534749 |
| 2013 | 555605 |
| 2014 | 571295 |
| 2015 | 669329 |
| 2016 | 664597 |