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                 As at end
  2015 2016 2017
Corporate Tax (%)
Standard Rate 28 28 28
Liquor & Tobacco 40 40 40
Taxable Income less than Rs.5.0 Mn.(i) 12 12 12
Export Income(j) 12 12 12
Economic Service Charge (ESC)
ESC Rate (%) 0.25 0.5 0.5
(Any ESC Paid is Deductible from any Income Tax/ Corporate Tax Payable)
Value Added Tax (VAT)(%)      
Standard Rate 11 15 15
Exports 0 0 0
Nation Building Tax (NBT) (%) 2 2 2
Ports and Airport Development Levy(%) 5 7.5 7.5
Telecommunication Levy %(other than internet) 25 25 25
Share Transaction Levy (%) 0.3 0.3 0.3
CUSTOMS DUTY (%)
Inputs / Raw Material 0 0 0
Intermediate Goods 15 15 15
Finished and Luxury Goods 30 30 30
Excise Duty
Cigarettes (Rs.Per 1,000)
Length below 60mm 6,975 11,675 11,675
Length 60-67mm 12,675 17,375 17,375
Length 67-72mm 14,660 20,500 20,500
Length 72-84mm 23,750 30,500 30,500
Length Exceeding 84mm 27,240 34,250 34,250
Liquor Duty Structure (Rs. Per Proof Liter)
Coconut Processed/Molasses Arrack 1,595 1,850 3,300
Country Made Foreign Liquor 1,860 2,030 3,300
Malt Liquor (Beer) above 5% in Strength 245 315 2,400
Malt Liquor(Beer) less than 5% in Strength 190 190 2,400
Liquor made from any cereal other than toddy 1,120 1,120 2,400
Imported Malt Liquor - 50 50
Imported Wine - 100 100
Any other imported Liquor - 200 200

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