Definition There shall be charged on Effect From Turnover Tax Rates Gazette How to pay Turnover Tax Revenue
Turnover Tax is charged under section 03 of the Finance Statute of the Southern Province N0.07 of 1990.
- When a kind of goods or material is sold within the Southern Province, a Turnover Tax at the rate of 1% and 5% is collected on the selling value of the item.
1st January,1991 Discontinued from 01 st January, 2011
Gold, Gems, Jewellery, Furniture, Timber, Cigarette and Liquor -5%
other goods and materials -1%
|
Year
|
Amount -Rs. (000,000)
|
|
|
Target
|
Actual
|
|
|
1991
|
69
|
82
|
|
1992
|
118
|
107
|
|
1993
|
120
|
119
|
|
1994
|
175
|
126
|
|
1995
|
180
|
130
|
|
1996
|
178
|
150
|
|
1997
|
145
|
166
|
|
1998
|
165
|
192
|
|
1999
|
188
|
211
|
|
2000
|
211
|
227
|
|
2001
|
215
|
276
|
|
2002
|
231
|
293
|
|
2003
|
283
|
315
|
|
2004
|
350
|
365
|
|
2005
|
350
|
411
|
|
2006
|
425
|
581
|
|
2007
|
600
|
1121
|
|
2008
|
1218
|
1374
|
|
2009
|
1375
|
1401
|
|
2010
|
1541
|
1632
|
| 2011 | - | 381 |
| 2012 | - | 30.3 |
| 2013 | - | 17.2 |
| 2014 | - | 7.9 |
| 2015 | - | 2.5 |
| 2016* | - | 1.5 |