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   

20% on the Annual value.

Calculation of Tax

Annual value of the premises where the business is carried on *20%

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