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Monday June 3rd, 2024
Fiscal

IMF working with China on possible maturity extensions for Sri Lanka, others

China does not have the tradition of that coordination that exists in more mature lenders

January 14, 2023 4 min read

Sri Lanka's state worker salaries down to 65 cents of tax rupee

Wages and pensions shot up from 52 to 86 cents of every tax rupee under fiscal 'stimulus'

January 11, 2023 3 min read

Sri Lanka printed money for 75 years and defaulted, but now has to stop: Minister

We have been asked not to print money

January 11, 2023 4 min read

Sri Lanka's IRD gets less govt assistance than NBRO: official

“We may see a trend of people leaving the tax net the heavier their tax burden becomes."

January 10, 2023 2 min read
Sri Lanka pensioners grow to 695,726 by end September

Sri Lanka had made 253 billion rupees in pension payments up to the beginning of October

Sri Lanka willing to sign revised MCC deal addressing concerns: Minister

Sri Lanka's cabinet of ministers had decided not to sign an agreement with the America's Millennium Challenge Corporatio...

February 28, 2020 1 min read

SriLankan Airlines to lose US$130mn this year, $300mn injection needed

Sri Lanka's national carrier Sri Lankan Airlines is expected to lose 130 million US dollars (about 26 billion rupees) in...

February 25, 2020 3 min read

Sri Lanka parliament should be recalled to pass vote-on-account supplement: Minister

Sri Lanka's parliament to should be recalled by the Speaker to pass a supplement to a four month mini-budget, Informatio...

February 22, 2020 3 min read

Sri Lanka to revive China's CNTIC backed Ruwanpura expressway

Sri Lanka's Ministry of Highways had been given the nod by the cabinet of ministers to seek a proposal from China Nation...

February 21, 2020 1 min read

No crisis by withdrawing Sri Lanka vote-on-account supplement, arrears to continue: Minister

There is no financial crisis in the government due to the withdrawal of a supplementary estimated to the interim budget...

February 21, 2020 2 min read

Sri Lanka government withdraws motion to expand vote-on-account

Sri Lanka's government had withdrawn a motion to increase spending and the borrowing limit under by an amendment to a fo...

February 20, 2020 2 min read

Sri Lanka's consumption could have recovered with smaller stimulus: economist

Sri Lanka could have achieved a revival in consumer demand with a smaller stimulus, as the country tends to go through a...

February 20, 2020 3 min read

Sri Lanka President halts new sub-national taxes, fees; simplification ordered

President Gotabaya Rajapaksa has directed Provincial Councils and Local Authorities not to charge any new taxes or fees ...

February 19, 2020 1 min read

Sri Lanka public finance committee clears NBT, PAL, ESC tax changes

The public finance committee of Sri Lanka's parliament has given the nod to change to a laws relating to Nation Building...

February 19, 2020 1 min read

Sri Lanka looking into taxpayer top up for mandated estate wage hike: Minister

Sri Lanka's taxpayer support may be extended to supplement a state mandated wage hike to workers of plantations plantati...

February 13, 2020 2 min read
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Sri Lanka tax payers to get relief for shares, housing interest, pensions, education

Sri Lanka's personal income tax payers will get relief up to 1.2 million rupees a year for investments in stocks and sec...

February 13, 2020 2 min read

Sri Lanka taxes, economy to pick up from 2020 2H, deficit 7.5-pct of GDP: Treasury Secy

Sri Lanka's state revenues will pick up in the second half of 2020, as tax cuts and lower interest rates expand disposab...

February 13, 2020 3 min read

Concerns that Sri Lanka tax changes may violate democratic principles, defy Supreme Court order

Concerns have been raised that a series of tax changed by cabinet decree without parliamentary consent may violate a rec...

February 12, 2020 4 min read

Sri Lanka firms told not to deduct any PAYE, WHT tax; refund Jan collections

In the latest twist to Sri Lanka's fluctuating taxes the Department of Inland Revenue which earlier raised the threshold...

February 12, 2020 2 min read

Sri Lanka withholding tax removal may increase taxes of some payers

Some tax payers may end up paying a higher 18 percent tax on interest income after withholding tax deduction of 5 percen...

Mahadiya Hamza
February 11, 2020 2 min read

Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Govern...

Cuts by rating agencies in the outlook of Sri Lanka's sovereign rating to negative in 2019 was worrying but ratings wil...

February 11, 2020 2 min read

Sri Lanka asks debt moratorium from India: report

Sri Lanka's Prime Minister Mahinda Rajapaksa has asked for three year debt moratorium from India, a media report said.

February 10, 2020 2 min read

Sri Lanka GDP to grow 3.7-pct in 2020, with limited hit from Coronavirus: IMF

Sri Lanka's gross domestic product growth is expected to increase to 3.7 percent in 2020, with a limited fallout from th...

February 10, 2020 3 min read

Sri Lanka cabinet clears laws to remove debt repayment levy

Sri Lanka's cabinet of ministers had cleared changes to the Finance Act that are required to remove the Debt Repayment L...

February 9, 2020 1 min read

Sri Lanka 2020 budget deficit could rise to 7.9-pct of GDP amid tax cuts: IMF

Sri Lanka's 2020 budget deficit could rise to 7.9 percent of gross domestic product from an earlier forecast 5.3 percent...

February 8, 2020 4 min read