The CC and the ICs were introduced in 2001 following mass agitation calling for the abolition of the Executive Presidency. This was hailed as a milestone in constitutional government and a major ...

UNP MP Ravi Karunanayake yesterday (23) questioned the government’s decision to abolish the Simplified VAT (SVAT) scheme from ...

While President Premadasa shrewdly kept the younger contenders in the fight we received disconcerting news from time to time that he was also looking for other options. Before nominations were ...

The discussion reviewed the issues that have emerged within Sri Lanka’s tea industry. Special attention was paid to improving ...

Sri Lanka’s Inland Revenue Department (IRD) will look into lower Pay As You Earn (PAYE) tax deduction for members of ...

Sri Lanka’s Inland Revenue Department (IRD) will look into lower Pay As You Earn (PAYE) tax deduction for members of ...

Things are getting ‘curiouser and curiouser’ The National People’s Power (NPP) government is under intense public scrutiny.

In February 2024, during the Ranil Wickremesinghe administration, an IMF technical assistance team visited Sri Lanka at the ...

Sri Lanka is in the midst of a critical transition as it begins to reshape its tax system to reflect the realities of a ...

Amending Act No. 04 of 2025 which was certified on 11 April 2025, introduced amendments to the charging section of the VAT ...

The Inland Revenue Department has acknowledged its forecasts about the uptake of the coalition Government’s FamilyBoost scheme were wrong, but says all forecasts have a degree of uncertainty. The ...

With Sri Lanka’s new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this ...