No tax concessions for casino owners Collect 70% tax from their income

• Rs. 500 million to be charged as registration fees for 5 years when starting a casino business

By Chaturanga Pradeep Samarawickrama  

None of the casino owners receive any tax concessions. Instead, they are required to pay a significant 70% of their income as taxes, Finance State Minister Ranjith Siyambalapitiya said.  Addressing a meeting at Ruwanwella last morning, he said that requests have been made by several casino owners to cut the amount of tax to be collected during the Covid-19 pandemic period, and it has now been forwarded to the Attorney General.  

 Casinos had operated without any regulations, but they have begun operating according to a regulation from this year.  

The Minister further mentioned that Rs. 500 million will be charged as registration fees for 5 years when starting a casino business.