Mar 21, 2017

Tax waiver for Arjun's alcohol factory in Kalkudah

Reports say that an alcohol factory which is to be launched in Kalkudah, Batticaloa by Arjun Aloysius, is to receive a tax waiver, reports say.
 
Mr. Aloysius, who is well known for his connection with the infamous Bond Issue, has invested Rs. 4.5 billion in this company. 
 
Investments over Rs. 03 million initiated in the Uva and Eastern regions are entitled to special tax relief benefits under the Budget 2017 and this company too, enjoys these benefits.
 
However, the construction of this factory has been temporarily halted due to the objections raised from the Koraleipattu PS and the East Provincial Council.
 
 
 
 
 

 
 

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