Tag: TAX

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Tax on dates slashed

Tax on dates slashed

Government to withdraw SGST exploring other tax options 

Thegovernment is withdrawing the special Goods and Services Tax (GST) bill aimed at simplifying the existing tax structure and consolidates several taxes assingle tax...

Govt surcharge tax to recover Rs135 billion from profitable state institutions  

At least five profitable state institutions and two superannuation funds  will have to forgo around Rs.135 billion for 25 percent super charge tax  which...

Private sector lobby groups up in arms against 25 percent surcharge tax 

Concerns were raised regarding the dampening impact the new taxes may have on investor confidence, particularly since many of the new measures are one-off...

Special GST sparks wide spread protests over tax collection unit

Sri Lanka government is set to introduce the Special Goods and Services Tax (SGST) setting up a separate tax revenue collection unit at the...

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Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...

Betting and Gambling Levy Amendment Raises Taxes, Casino Entry Fee

The government has published the Gazette on Betting and Gambling...

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