Login
Remember
Register
Lanka Tax Forum
Register Free
Q&A
Questions
Hot!
Unanswered
Tags
Categories
Ask a Question
Ask a Question
Tax Calculation for hotels
asked
Nov 22, 2018
in
General Questions
by
Tilak
Can someone please outline the calculations for adding service charge, vat, nbt & any other applicable taxes/levies in the SL hotel sector now in 2018
Thanks very much
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
0
votes
answered
Nov 22, 2018
by
Vish
(
4.8k
points)
Here is an example calculation:
Sales value = 1000
+ Service charge 10% = 100
+NBT 2% (1100/98*2) = 22 (NBT optional)
+VAT 15% (1122*15%) = 168
Total charged to customer = 1290
TDL Payable to Tourist Board = (1290 - 100-168)*1%= 10.2
TDL is not generally explicilty charged to customer
commented
Nov 22, 2018
by
anonymous
Thanks very much Visio for a clear answer.
Tried to upvote - but forum closed for "registration"!!!
One further question please - what categories of business is NBT "optional" for?
Thanks
Tilak
commented
Nov 22, 2018
by
Vish
(
4.8k
points)
NBT is optional for everything. If you can get the customer to pay NBT then you can charge. It ultimately depends on bargaining power
Please
log in
or
register
to add a comment.
Related questions
0
answers
Treatment for VAT calculation in this month(May payment) for the leisure sector (Hotels) due to changing the rate ?
asked
Jun 10, 2019
in
VAT
by
Shanaka
vat
1
answer
NBT & VAT Calculation in SAP / Tax Calculation procedure for Sri Lanka in SAP
asked
Dec 19, 2017
in
NBT
by
Bose
(
120
points)
nbt
vat
sap
esc
1
answer
Are associations/clubs liable for income tax?
asked
Jan 23, 2018
in
General Questions
by
anonymous
1
answer
Tax Quotes For You
asked
Jun 22, 2016
in
General Questions
by
wmthushara
(
3.8k
points)
tax
0
answers
NBT Calculation for the Property Development Company( Real Estates)
asked
May 31, 2019
in
NBT
by
anonymous
Welcome to Lanka Tax Forum, where you can ask questions about Sri Lankan tax matters and receive answers from other members of the community.
Get LankaTaxForum App
Categories
All categories
Tax News & Rumours
(3)
General Questions
(14)
Inland revenue Dept
(6)
RAMIS System
(9)
TIN Number
(1)
Budget Proposals
(4)
Corporate Income Tax
(30)
Personal Income Tax
(0)
VAT
(81)
SVAT
(23)
Dividend Tax
(5)
NBT
(67)
Stamp Duty
(1)
PAYE
(8)
WHT
(7)
ESC
(8)
Capital Gains
(1)
Turnover Tax
(2)
Betting & Gaming Levy
(0)
Share Transaction Levy
(2)
SRL
(1)
Debits Tax
(1)
Import Duties
(1)
Cess
(0)
Special Commodity Levy
(0)
Excise Duty
(0)
Tourism Development Levy
(4)
Transfer Pricing
(1)
Miscellaneous Taxes
(5)
Most popular tags
vat
nbt
svat
income-tax
esc
ramis
payee
tax
ird-notice
budget
paye
#nbt
gain
exchange
wht
dividend-tax
registration
deemed-dividend-tax
personal
gains
capital
retail
deferred-tax
ticketing
temporary
ird
return
tax-file
#importedfooditems
#vat
inland-revenue-act
interesst
nrfc
rfc
sap
apartment-sale
vat-
residence
2018
usd
q
penalty
subcontractors
construction
budget-2017
cess
tin
material
installment
inheritance
car
open
assessments
import
stl
non
account
debit-tax
srl
transfer-pricing
accounts
super-gain-tax
foreign
hotel
tdl
commission
hired
freight
input-vat
sale
news
share-transaction-levy
levy
suppliers
turnover-tax
exempt
earnings
tax-dates
income
...