No vehicle tax reduction within this year
2025-03-25
Sri Lanka will not be able to reduce vehicle taxes within this year (2025), Duminda Hulangamuwa, economic advisor to PresidentContinue Reading
COPF reviews 07 Key tax proposals by Finance Ministry
2025-03-20
The Parliamentary Committee on Public Finance (COPF) has questioned the Ministry of Finance on why only 800,000 individuals fall underContinue Reading
Cigarette tax must be reviewed, COPF Chair tells Parliament
2025-03-20
Chairman of the Parliamentary Committee of Public Finance (COPF) MP Harsha de Silva has proposed to the Parliament that aContinue Reading
Minister slams newspaper for fake news on Tax on migrant workers
2025-03-03
Deputy Minister of Economic Development Anil Jayantha Fernando informed the Parliament that misinformation has been spread by a local newspaperContinue Reading
VAT & Other Tax revenues : Update from officials
2025-02-28
The Parliamentary Committee on Public Finance (COPF) has been informed that revenue and grants have increased by 33.1% in 2024Continue Reading
Mujibur raises concerns over taxing Dollar earning freelancers
2025-02-25
Opposition MP Mujibur Rahman has raised concerns over the government’s decision to impose a 15% tax on people from theContinue Reading
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