Tag: Lanka News Web
Browse our exclusive articles!
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...
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...
Sri Lanka Government Rolls Out Landmark Prison Vocational Training Program
Sri Lanka is launching an ambitious vocational training program targeting prison inmates, marking a transformative shift in the country’s correctional strategy from punishment to...