Sri Lanka’s Tax Revenues Jump 20% to April Amid Rising Public Sector Spending
Colombo, June 6, 2025 — Sri Lanka’s tax revenue surged by 20.7% in the first four months of 2025, reaching 1,349 billion rupees,.
Economics
Policy and Regulation
Exporters Sound Alarm Over SVAT Removal Amid Economic Strain
Sri Lanka’s export sector is pushing back against the government’s decision to dismantle the Simplified Value Added Tax (SVAT) system in October, warning.
- May 9, 2025
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
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
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
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
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
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