FAQ
The collection of revenue of the central government is done by the Inland Revenue Department while the collection of revenue of the provincial council is done by the Provincial Revenue Department.
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Inland Revenue
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Provincial Revenue
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Stamp Duty – Land
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Mineral Tax
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Drugs & Chemicals Tax
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Economic Service Charge
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Lottery Tax
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Batting & Gamming Levy
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Prize Competition Tax
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Stamp Duty Leasing, Insurance
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Batting Tax
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| Charges under the fauna and Flora Ordinance |
Business enterprises that should pay Mineral Tax, rate of tax, additional tax and penalties
When a manufactured of mineral within the North Central Province, a mineral tax at the rate of 0.5% is collected on the gross value of the item.
By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.
10% penalty for non payment of mineral tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)
Business enterprises that should pay Drugs & Chemical Tax, rate of tax, Â additional tax and penalties
When a Drugs or a Chemical is sold within the North Central Province, a Drugs & Chemical tax at the rate of 25% is collected on the Annual value of the business place.
By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.
10% penalty for non payment of Drugs & Chemicals tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)
Prescription of stamps fees and penalties
Regarding the instruments of deeds prepared for transfer of immovable properties within the North Central Province action is taken to recover the stamp fees on the open market value of the properties on the day of certification of such instruments. Accordingly, for a transfer of properties Stamp Fees of 3% for every first Rs. 100,000/= of the market value and 4% or the balance amount will be charged. For a deed of gift stamp fees of 3%for the first Rs: 50,000/= of the market value and 2% for the balance amount will be charged
When imposing additional stamp fees, payment of a penalty fee of three times of the normal stamp fees together with the normal stamp fees or the amount required for the completion of the fees can be imposed.
Places to obtain provincial revenue stamps.