Bring back your hidden money, PM tells businessmen

Wednesday, 18 November 2020 00:05 - - {{hitsCtrl.values.hits}}

Prime Minister and Finance Minister Mahinda Rajapaksa yesterday urged businessmen to bring back their allegedly “hidden money”.

During his presentation of 2021 Budget in Parliament, Rajapaksa went candid.

“I request from all entrepreneurs to utilise the funds hidden locally or internationally in order to evade laws relating to taxes and foreign exchange. It is expected to make legal provisions to provide a tax pardon to entrepreneurs thus utilising funds for any investment facilitated by this Budget under the payment of taxes amounting to 1%.”

2021 Budget support for capital markets; tax concession to promote new listings at CSE

Bourse gives early thumbs up for Budget 2021