Regulatory Alerts2015-07-13
Revision of Application Fees for Entities Licensed/Registered by the Securities and Exchange Commission of Sri Lanka
The Securities and Exchange Commission of Sri Lanka revised application fees for licensed and registered entities effective July 1, 2015, in response to statutory changes in stamp duty and Value Added Tax rates. The new fee structure incorporates a reduced VAT rate of 11 percent and a stamp duty cap of Rs. 2,000 or 10 percent of the license fee, whichever is lower. These adjustments apply to all new registrations, renewals, and specific categories such as stock brokers, investment managers, and clearing houses as detailed in the accompanying schedule.
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