Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
The National Audit Office has uncovered a staggering Rs. 2.66 billion loss and significant mismanagement in the former administration’s electric vehicle import scheme.
The Central Bank of Sri Lanka has expressed its readiness to support the government should it decide to ease restrictions on motor vehicle.
A recent study by the Institute of Policy Studies (IPS) reveals that the Sri Lankan government lost an alarming Rs.80 billion in tax.
The Cabinet has officially approved the IT Strategic Plan for the Inland Revenue Department, as announced by Cabinet Spokesman and Minister Dr. Bandula.
The Maldives’ cabinet of ministers has approved a plan to dollarize a portion of the country’s government revenues, including income tax, customs duties,.
Sri Lanka has seen a substantial increase in government revenue, with a 41% rise year-on-year (y-o-y) in the first six months of 2024,.
Sri Lanka’s Immigration and Emigration Department has surpassed its revenue projections for 2023, achieving a record Rs.42.76 billion in total revenue. This performance.