Sri Lanka to Revamp Tax System in IMF Deal
Sri Lanka agreed to a revised deal with the IMF that includes significant tax changes: These changes are expected to be approved by.
Policy and Regulation
Discussing government policies, regulations, and legislative changes affecting businesses and the economy, including tax laws, trade agreements, and monetary policy decisions.
Monetary Policy
Breaking News
Policy and Regulation
CBSL Announces Partial Relaxation of Foreign Exchange Restrictions
Sri Lanka’s Central Bank (CBSL) has announced a partial easing of foreign exchange controls, effective June 20th, 2024. This new regulation follows a.
- June 13, 2024
Policy and Regulation
World Bank Urges Sri Lanka to Continue State-Owned Enterprise Reform
The World Bank is advocating for Sri Lanka to press on with its reforms of state-owned enterprises (SOEs), arguing that even profitable ones.
- April 15, 2024
Policy and Regulation
Sri Lanka Grapples with Taxing the Digital Economy
Sri Lanka is facing a pressing challenge: how to tax the burgeoning digital economy. Tax professionals are urging policymakers to implement fair and.
- April 8, 2024
Government Regulations
Policy and Regulation
Sri Lanka Extends Free Visa Program, Tourist Arrivals Surge
Sri Lanka has announced the extension of its free visa on arrival program, initially offered as a pilot project to seven countries: India,.
- April 3, 2024
Government Regulations
Policy and Regulation
The Minimum Room Rate Debate: A Threat to Sri Lanka’s Tourism Revival?
The Sri Lankan tourism industry is embroiled in a heated debate regarding the recently implemented Minimum Room Rates (MRR). While the Sri Lanka.
- April 3, 2024
Policy and Regulation
Sri Lanka Strengthens SME Support with ADB Loan and NCGI Launch
Small and Medium-sized Enterprises (SMEs) are the lifeblood of Sri Lanka’s economy, accounting for over 75% of businesses and contributing more than half.
- March 26, 2024
Government Regulations
Policy and Regulation
Central Bank of Sri Lanka Cuts Interest Rates to Stimulate Economy
The Central Bank of Sri Lanka (CBSL) took a significant step to boost the economy on March 25th, 2024, by reducing key interest.
- March 26, 2024
Government Regulations
Policy and Regulation
Widening the Tax Net: Sri Lanka Mandates Information Sharing with CGIR
In a move to strengthen tax compliance and administration, the Sri Lankan government has announced a new regulation mandating information sharing with the.
- March 25, 2024
Policy and Regulation
Sri Lanka’s Economy Shows Signs of Recovery, Backed by IMF Support
The International Monetary Fund (IMF) has reported positive signs of economic recovery in Sri Lanka. After a period of contraction, the country’s growth.
- March 22, 2024