Government bans casinos in new hotels
January 29, 2015 05:21 pm
The Cabinet has banned casinos in projects that come under the Strategic Development Act.
Prime Minister Ranil Wickremesinghe told Parliament that all projects approved under the Strategic Development Act, except casino businesses could be carried out under tax concessions.
The Government has also imposed a tax of 1 billion rupees ($7.57 million) on casinos, to be paid by April, in a proposal expected to raise 5 billion rupees, Finance Minister Ravi Karunanayake said, unveiling the supplementary budget.
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