Economics

Sri Lanka to Continue Special Commodity Food Taxes to Protect Farmers

Sri Lanka’s cabinet has decided to retain the Special Commodity Levy (SCL) Act, reversing an earlier decision to abolish it, in order to.

  • December 19, 2024
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Economics

Sri Lanka’s High Alcohol Taxes Driving Consumers to Illegal Alternatives, Warns DCSL Chief

Sri Lanka’s high alcohol taxes are pushing consumers, already impacted by the economic crisis, toward illegal and dangerous alternatives, warns Harry Jayewardena, the.

  • August 30, 2024
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Business

CA Sri Lanka Hosts Forum on IMF Tax Reforms

To facilitate a deeper understanding of the International Monetary Fund (IMF) tax reforms, the Institute of Chartered Accountants of Sri Lanka (CA Sri.

  • August 13, 2024
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Economics

ICCSL Engages IMF on SVAT Abolition Impact

The International Chamber of Commerce Sri Lanka (ICCSL) recently led a crucial meeting with representatives from Sri Lanka’s export sector and a team.

  • July 30, 2024
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Business

Sri Lanka RAMIS to Utilize NIC for Tax Collection, Seeks IT Partner

A ministerial sub-committee’s report on the ‘Effective RAMIS System Utilization’ has recommended using the national identity card (NIC) to identify individuals for tax.

  • July 25, 2024
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Economics

Sri Lanka Targets 40% Direct Tax Collection by 2025

Sri Lanka aims to increase direct tax collection to 40 percent by 2025 from the current 30 percent, through expanded tax nets and.

  • July 19, 2024
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