Thursday Feb 20, 2025
Thursday Feb 20, 2025
Tuesday, 18 February 2025 01:14 - - {{hitsCtrl.values.hits}}
The Government yesterday announced an increase in Capital Gains Tax (CGT) to boost revenue.
In the Budget 2025 presented by President and Finance Minister Anura Kumara Dissanayake, it was revealed that the CGT rate applicable for individuals and partnerships will be increased to 15% from 10%.
The CGT rate applicable for all other entities will be raised to 30% in par with the corporate CGT rate.
In a related development, HNB Stockbrokers said the current definition under the CGT does not include gains made on trading of listed equities.
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