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Government Reduces MPs’ Insurance Coverage to Rs. 250,000

The Government has decided to reduce the insurance coverage for Members of Parliament from Rs. 1 million to Rs. 250,000, effective from the insurance year...

Impeachment of CJ Bandaranayake Was Unconstitutional – Watagala

Public Security Deputy Minister Sunil Watagala told Parliament yesterday that the impeachment of former Chief Justice Dr. Shirani Bandaranayake in 2013 was constitutionally flawed and remains void from the outset. “The...

IRD Extends PIN Validity amid Push for Broader Tax Compliance

In a move aimed at enhancing taxpayer compliance and easing the digital filing process, Sri Lanka’s Inland Revenue Department (IRD) has extended the validity...

Heavy Taxation Hits Online Shopping as Sri Lanka Scraps Tax-Free Imports

Sri Lanka is now charging all taxes on foreign parcels coming from online platforms and backlogs have also been cleared, without any de minimis...

BYD EV Import Scandal Sparks Tax Evasion Probe, Buyers in Limbo

Sri Lanka’s electric vehicle market has been jolted by a major controversy involving a large consignment of BYD electric vehicles, amid accusations of underreporting...

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