Govt explains why promised Taxes not removed from Budget
2025-02-18
Deputy Minister of Finance Anil Jayantha Fernando says the government could have removed taxes if not for the agreement withContinue Reading
Ramadan Festival : Imported dates tax reduced to Rs. 1
2025-01-28
A Gazette notification has been issued granting tax concessions for dates imported to be distributed free of charge during theContinue Reading
Highest-ever tax revenue recorded in 2024
2025-01-03
The highest ever tax revenue in Sri Lanka’s history was recorded in 2024, collecting Rs.1.95 trillion, the Inland Revenue DepartmentContinue Reading
Taxpayers must pay Rs. 136,000 more in taxes than in 2020 : Patali
2025-01-02
Taxpayers in Sri Lanka would need to contribute an additional Rs. 136,000 in taxes compared to 2020, with the government’sContinue Reading
Import Tax on several items increased
2024-10-18
The government has announced an increase in taxes on certain imported goods, effective from October 14 to December 31, 2024.Continue Reading
15 Q&A from the Finance Ministry on Tax & Expenditure
2024-08-31
The Ministry of Finance has given details on the government’s tax policy and expenditure management measures. Following are the answersContinue Reading
NPP says economic policy will improve living standards in 02- 03 years
2024-08-16
The National Peoples’ Power (NPP) says the party’s economic policy has been prepared so that the living standards are expectedContinue Reading
Sajith wants new fair tax policy, speaks to IMF representatives
2024-08-02
Opposition Leader MP Sajith Premadasa says the current tax formula was discussed with officials of the International Monetary Fund (IMF)Continue Reading
Govt to Tax 14 sectors previously untaxed
2024-07-09
The government has chosen to tax fourteen (14) sectors which were previously untaxed, State Minister of Finance Ranjith Siyambalapitiya announced. Continue Reading
Imputed Rent Tax : Harsha raises concerns
2024-06-20
Opposition MP Dr. Harsha de Silva has raised concerns regarding the proposed imputed rent tax under Sri Lanka’s agreement withContinue Reading
Income Tax Dept : Notice for all overseas Lankans
2024-03-08
Sri Lanka’s Inland Revenue Department (IRD) has issued a notice outlining the requirements for Sri Lankan non-residents concerning the TaxContinue Reading
Changes to TIN number : New update
2024-02-23
The proposal to incorporate the National Identity Card (NIC) when issuing the Tax Identification Number (TIN) for tax registration willContinue Reading
Mandatory TIN number : Major change expected
2024-01-24
The Ministry of Finance has taken measures to simplify the newly introduced Taxpayer Identification Number (TIN). State Minister of FinanceContinue Reading
Patali reveals how Govt revenue can be increased by 50% without increasing Taxes
2023-12-18
Sri Lanka Republican Front (SLRF) Leader MP Patali Champika Ranawaka says there is a possibility to raise the country’s incomeContinue Reading
Rs. 50,000 fine if you don’t file annual income report on time
2023-11-29
Sri Lanka’s Inland Revenue Department says the annual income report for the assessment year 2022/2023 should be submitted to theContinue Reading
Rs. 116 Mn Tax arrears paid : Suspension lifted on two main distilleries
2023-11-28
Alcohol production at two of the main distilleries of Sri Lanka, which was temporarily suspended by the Excise Department earlierContinue Reading
Government urged to crack down on Tax evaders instead of Taxpayers
2023-11-03
Chairman of the Committee on Public Finance (COPF), MP Harsha de Silva has shed light on the government’s tax collectionContinue Reading
Namal hints at ‘Aragalaya’ as cause for tax increase
2023-10-04
Parliamentarian Namal Rajapaksa says there would not have been an increase in taxes if not for the ‘Aragalaya’ peoples’ protestContinue Reading