Budget With PwC 2018

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Summary of the Budget 2018 at a glance

Here is the summary of the Budget 2018 from PwC. Have a look at the key facts in Budget 2018.

Analysis of the Budget 2018                              

Here is the full version of the analysis of the budget proposal for 2018, presented in the Parliament on 9th November 2017,  

  • 2.5M

    Taxes on import of luxury vehicles increased. Price to increase by Rs 2.5 million.

  • 3Bn

    Rs 3Bn fund to be established to fund IT Sector SME's & local Startups.

  • 745,000

    Increase in excise duty for Toyota Aqua/Axio and Honda Vezel (1490 cc) - Rs. 745,000

  • 75Bn

    Allocation of Rs. 75Bn for loans to produce environmentally friendly items.

  • VAT

    VAT refund scheme for foreign passport holders form 01.05.18

  • BOC & PB

    Permit BOC & PB to raise both Equity & Debt Capital.

  • Rs.15.90

    Cola 300ml contains 31.8g of sugar which increases the price of a 300ml bottle by Rs.15.90

  • 20%

    625ml Strong & light beer price to be reduced by 20%


Key Impact on New Tax Proposals

  • Impact on Beer
  • Sugar Tax impact
  • Impact on Vehicles


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Contact us

Sujeewa Mudalige

Sujeewa Mudalige

Chief Executive Officer, PwC Sri Lanka

Tel: +94 11 771 9700 ext.5001

Channa Manoharan

Channa Manoharan

Chief Operating Officer / Advisory Leader, PwC Sri Lanka

Tel: +94 11 771 9700 ext.5002

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