Connect with us

News

Govt. increases casino and distillery licence fees

Published

on

The Finance Ministry has increased Casino Licence fees and the Casino Licence Renewal fees.  The Casino Business Licensing Regulation No. 01 of 2022 has been amended through a government notification issue by President Ranil Wickremesinghe in his capacity as the Minister of Finance, effective from January 01, 2024.

Accordingly, for applicants with a minimum investment of USD 250 million in integrated development, the Casino Licence fee is Rs.10 billion while the Casino License Renewal fee is Rs. 10 billion.

For applicants whose investment in integrated development is a minimum of USD 500 million, the Casino Licence fee is five billion rupees while the fee for Renewal of Licence is Rs. 10 billion.

For the existing operators of casinos (which have obtained licences prior to January 01, 2023) the licence fee is two billion rupees.This is divided as Rs. 500 million for the first five years and Rs. 1.5 billion for the next 15 years. The Renewal fee is also Rs. 10 billion.

State Minister of Finance Ranjith Siyambalapitiya said annual liquor distillery licence fee would be increased from one million rupees to 250 million rupees. Palmyrah distillery licence fee would be increased from Rs 250,000 to five million rupees, he said, adding that the licence fee for bottling toddy would be increased from one million rupee to 10 million rupees and the vinegar production licence fee from Rs 500,000 to 2.5 million rupees. The State Minister said no final decision had yet been reached with regard to the date of the new liquor licensing fees taking effect and it would be announced upon the return of President Ranil Wickremesinghe, who is currently abroad.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Cabinet approves 14 day Visa extension

Published

on

By

The Cabinet of Ministers approved the resolution furnished bys the Minister of Public Security and Parliamentary Affairs to extend Visas of those unable to leave Sri Lanka due to the
cancellation of flights to the Middle East from 28.02.2026 for another 14 days without any payments and re-extend the extended Visas for another 14 days without payments if the flights cancellations continue.

Continue Reading

News

Sunil Galagama appointed as District Secretary Badulla

Published

on

By

Taking into consideration the resolution furnished by the Minister of Public Administration, Provincial Council, and Local Government, the Cabinet of Ministers has decided to appoint Sunil Galagama, a Special Grade Officer of the Sri Lanka Administrative Service, who is currently serving as an Additional Secretary in the Ministry of Health and Mass Media, as the District Secretary to Badulla Administrative District with immediate effect.

Continue Reading

News

Anupama Mangala Wickramaarachchi appointed District Secretary Ampara

Published

on

By

The Cabinet of Ministers, taking into consideration the resolution furnished by the Minister of Public Administration, Provincial Council, and Local Government, have decided to appoint Anupama Mangala Wickramaarachchi, a special grade officer of the Sri Lanka Administrative Service, who is serving as the Additional Commissioner General of Agrarian Development of the Department of the Agrarian Development at present, as the District Secretary , Ampara Administrative district with immediate effect.

Continue Reading

Trending