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Home Taxes and Fees Prize Competition Tax

Prize Competition

Definition   There shall be charged on    Effect FromPrize Competition Tax rates   Gazette  How to pay Prize Competition Tax    Revenue

Definition

Prize Competition Tax is charged under  section 02 of the Finance (Supplimentary Provition)  Statute of the Southern Province  N0.02  of 1994.Top

There shall be charged on

Every Prize Competition conducted in accordance with any law within the southern province . Top

Effect Fromalt

01 st January 2010

Prize Competition Tax Rates alt

Total value of the prize Rate
Rs. Twenty five million (Rs.25m) or less 10%
More than Twenty five million (Rs.25m) 25%

 GazetteTop

1. 1639 ,2010/01/12

 Payment Top 

The prize competition tax imposed should be paid in each or by a bank draft to the Provincial Commissioner of Revenue, 14 days  before the final date of entry to the competition or the competition whichever is earlier.

Revenuealt

Year
Amount- Rs.
Target
Actual
2016*

*291,400

*from 01.01.2016 to 31.12.2016

 

Revenue Calander

October 2021
M T W T F S S
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31