Under the Budget 2018 proposal, the government plans to generate Rs. 20 Billion in 2018 through the three-year temporary levy, which has been designed to meet Sri Lanka’s debt repayment amounting to almost seven Trillion.
The new levy is proposed to be charged at the rate of 20 cents per Rs. 1, 000 (0.002 per cent) on the total transaction with effect from 1st April 2018.