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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Colombo Inflation Creeps Up Amid Food Price Surge despite Long-Term Stability

Sri Lanka’s consumer inflation in Colombo is beginning to...

German Firms Eye Growth in Sri Lanka despite Global Headwinds

German-affiliated companies in Sri Lanka are expressing renewed confidence...

Sri Lanka Apparel Sector Resilient Amid US, UK Export Decline

Sri Lanka’s apparel sector continues to demonstrate resilience despite...

UAE To Welcome 9,800 Millionaires In 2025: Report

The United Arab Emirates continues to solidify its reputation...

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