Tag: Sri Lanka
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Dairy Industry Slumps Despite Surging Demand Milk Farmers Face Crisis
The Sri Lankan dairy industry is at a crossroads. While domestic milk production inches forward, the farmers and milk suppliers who form the backbone...
Exporters Urged to Prepare for New VAT Refund Regime
With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now officially abolished, businesses particularly exporters and project suppliers are being warned to brace for short-term...
Economic Recovery Stalls as Policy Reversals Undermine Reform
Sri Lanka’s path to recovery remains woefully unfinished. While analysts have pointed to signs of stabilization in 2024 and early 2025, the National People’s...
SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery
Sri Lanka’s construction industry, long battered by economic turbulence, shows renewed signs of life in 2025—but many in the field warn that absent decisive...
Betting and Gambling Levy Amendment Raises Taxes, Casino Entry Fee
The government has published the Gazette on Betting and Gambling Levy (Amendment), which came into effect on October 1, 2025.
Under the new regulations, the tax on gross...