Is scrap sales liable for NBT?

asked Mar 16, 2018 in NBT by shanu
Is scrap sales liable for NBT?

1 Answer

0 votes
answered Mar 22, 2018 by Visio (4,330 points)
Yes they are unless it is an exempted item
commented Jul 10, 2018 by H.Peries
No. Scrap sales are not liable for NBT. If you go through the liable TO under the NBT act,Liable TO purely includes the sales from your busines. Hence Scrap sale is not your business, it is not chargeable under NBT act.

http://www.ird.gov.lk/en/Type%20of%20Taxes/SitePages/Nation%20Building%20Tax(NBT).aspx?menuid=1206
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