Investor Presentaiton

Tax structure General tax rates - The general Indirect Tax rates applicable are as follows: Indirect taxes • VAT - Standard rate of 8% VAT on financial services - 15% VAT certain priority sectors such as exports, tourism (subject to meeting specified conditions) - 0% NBT Standard rate of 2% (proposed to be abolished from 1/12/2019) NBT on wholesale/retail business - Effective rate of 1% (proposed to be abolished from 1/12/2019) Economic Service Charge - 0.5% (proposed to be abolished from 1/1/2020) Share Transaction Levy - 0.3% Telecommunication levy - effective tax rate of 11.48% Import levies such as Customs Duty, Ports and Airports Development levy, Cess, Excise Duty, Special Commodity Levy - rates depend on the HS Code Tourism development levy - 1% KPMG © 2020 KPMG, a Sri Lankan partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in Sri Lanka. Document Classification: KPMG Confidential 7

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