Petroleum Dealers Assure Uninterrupted Fuel Distribution Amidst VAT Dispute
Despite the Ceylon Petroleum Corporation’s (CPC) implementation of Value Added Tax (VAT) on discounts for Petroleum Dealers, Vice President Kusum
Opposition Lawmakers Protest VAT Hike and Soaring Living Costs in Sri Lankan Parliament
Opposition lawmakers from the Samagi Jana Balawegaya (SJB) staged a protest in parliament on Tuesday (9), adorned in black as
VAT Increases Across Various Sectors in Sri Lanka Effective January 1st
In a significant fiscal adjustment, Sri Lanka’s Value Added Tax (VAT) rate rises from 15% to 18% starting January 1st.
Mobile Phone Prices to Surge by 35% Starting January 1, Announces Mobile Phone Sales and Dealers’ Association
In a significant development, the Mobile Phone Sales and Dealers’ Association has declared that prices for all categories of mobile
Revised VAT Implementation to Eliminate Ports and Airports Development Levy (PAL) on Fuel and Gas
In a significant development, the Ports and Airports Development Levy (PAL) currently levied on fuel and gas is poised for
Former Sri Lankan President Mahinda Rajapaksa Affirms SLPP’s Role in Government and Advocates Tax Reduction
Former Sri Lankan President and Leader of the Sri Lanka Podujana Peramuna (SLPP), Mahinda Rajapaksa, declared that the SLPP, under
President urges political leaders to act responsibly in IMF Program
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF)
Minister Harin Fernando Highlights Lack of Discipline as Primary Cause for Sri Lanka’s Economic Challenges
In a recent statement, Minister of Tourism and Lands and Minister of Sports and Youth Affairs, Harin Fernando, underscored that
Mahinda Yapa Abeywardana, Speaker of Parliament, Endorses Fiscal Measures in the 2024 Budget Amidst Economic Challenges
In a significant parliamentary development, Mahinda Yapa Abeywardana, Speaker of Parliament, officially endorsed the certificates on the Appropriation Bill for
Cabinet of Ministers Approves Reduction in VAT Registration Threshold
In a decisive move, the Cabinet of Ministers, during its meeting on Monday (Dec.11), granted approval for a reduction in