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Palm oil import causes significant foreign currency outflows from Sri Lanka
Sri Lanka urged to prioritize quality over expanding investment zones
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22% of Sri Lankan households in debt due to economic crisis – survey
Sri Lanka Original Narrative Summary: 26/07
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TAX
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Palm oil racket re-enthroned due to new coconut oil tax
BUSINESS
SL tax evasion rises amidst reduction of tax rates and relief for businessmen
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New administration overhauls the 2019 taxation system
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Govt to reverse present taxation system back to previous system in 2019
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Tax on dates slashed
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Government to withdraw SGST exploring other tax options
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Govt surcharge tax to recover Rs135 billion from profitable state institutions
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Private sector lobby groups up in arms against 25 percent surcharge tax
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Special GST sparks wide spread protests over tax collection unit
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President reaffirms support for Buddhist Education with scholarship programme
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Cabinet to Review the Interim Order on Inspector General’s Appointment
