Nation Building Tax (Amendment) under Bill stage

Based on the cabinet decision taken on 27.03.2018, Nation Building Tax (Amendment) [Issued on 31.05.2018] is under bill stage (I,e. Subject to enacted by the parliament). to amend the Nation Building Tax Act, No. 9 of 2009. Summary of the bill stated below.

This amended is to limit the period of exemption granted to certain liquor identified under Harmonized Commodity Description and Coding Numbers for customs purposes and to provide for the revision of the existing criteria relating to tax exemptions for which locally manufactured coconut related articles and liquor in the stock remain unsold and the supply of electricity; and to extend the exemption for the importation of certain new articles and certain services.