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Monday June 3rd, 2024
Fiscal

Sri Lanka businesses see tax hike pressure, lower sales - analysts 

Businesses in Sri Lanka are preparing for a tax shock from this month

January 9, 2023 3 min read

Sri Lanka's LG polls may derail President's reform agenda, delay IMF loan - analysts

Polls may increase crisis-hit Sri Lanka's uncertainty amid debt restructuring, IMF loan delay

January 9, 2023 4 min read

Sri Lanka bond holders earned high returns, should now take the hit: Picketty, academics

Raises concerns of odious debt

January 9, 2023 16 min read

Sri Lanka sees rising beedi leaf smuggling from India amid increase in tobacco taxes   

Cash strapped Sri Lanka raised tobacco taxes three times since mid last year

January 4, 2023 2 min read
Sri Lanka SOE policy to see over 80 firms shifted to holding company

An SOE Law will legislate the principles of the policy

Sri Lanka ready to seek investors for Hilton, Hyatt, Lanka Hospitals

EOIs for other four firms, including SriLankan Airlines would be called in about five weeks

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
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Sri Lanka misses 2019 budget deficit, forex reserve targets in IMF program

Sri Lanka has missed the budget deficit and foreign reserves targets in a deal with the International Monetary Fund wher...

February 8, 2020 3 min read

Sri Lanka fiscal cash crunch hits medical suppliers

Sri Lanka's state hospitals has no medicine shortage but rising payment arrears is making it difficult for some pharmace...

February 8, 2020 2 min read

Sri Lanka seeks to raise more debt, hike spending in vote on account supplement

Sri Lanka is seeking parliamentary approval to spend 156 billion rupees more and raise up to 357 billion rupees in gross...

February 6, 2020 3 min read

Public finance committee calls for CBSL observations on Sri Lanka bondscam audits

The Parliament's Committee on Public Finance has called for the observations of the Central Bank of Sri Lanka, on sever...

February 6, 2020 1 min read

Sri Lanka VAT cut, tobacco taxes paused by Parliament's finance committee

The Committee on Public Finance of Sri Lanka's Parliament has deferred the approval of finance bills aimed at slashing v...

February 5, 2020 2 min read

Mahinda to present a supplementary estimate in the next parliamentary session: Bandula

Prime Minister Mahinda Rajapaksa is expected to present a supplementary estimate to pay arrears for the contractors and ...

January 30, 2020 2 min read

Private suppliers in Sri Lanka in trouble from state payment arrears

Private firms which have provided services to Sri Lanka's government is in difficulties due to delayed payments Prime Mi...

January 29, 2020 2 min read

Sri Lanka ate the Chinese chicken instead of collecting eggs: Academic

Sri Lanka has not used Chinese debt appropriately to grow the economy after the end of the civil war, akin to eating a c...

Chanka Jayasinghe
January 28, 2020 2 min read

Sri Lanka President asks state enterprises to improve profits, service levels

Sri Lankan President Gotabaya Rajapaksa has called on heads of state owned enterprises to grow their profits while non-p...

January 25, 2020 1 min read
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Sri Lanka in move to liberalise alcohol licenses to boost tourism

Provincial councils in Sri Lanka have been asked to liberalize beverage licenses to improve tourism receipts to the coun...

January 25, 2020 2 min read
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