The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Plan Implementation, and Economic Development to publish the draft bills  of ...

Sri Lanka’s 2025 budget doesn’t introduce major tax changes but includes a few welcome adjustments. However, a tax expert ...

Sri Lanka's budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal ...

Sri Lanka has appointed a high-level task force on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...

Sri Lanka's budget for 2025 have proposed changes to the Tax Appeal Commission law, requiring deposits before appealing and also raised fees.

Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara ...

Sri Lanka’s tax revenue reached an alltime high in 2024, with the Inland Revenue Department (IRD) collecting Rs.1,958 billion, a 25 percent jump from the previous year. However, despite the ...

ECONOMYNEXT – Sri Lanka President Anura Kumara Disanayake in his 2025 budget has proposed 11 new laws under legal reforms to implement the new government’s policies. The new reforms are part of Sri ...

Sri Lanka is banking on vehicle import taxes to boost revenue and revive the island nation's battered economy, leftist ...

Sri Lanka is attempting to sustain economic ... In 2017, Parliament passed a new Inland Revenue Act in an effort to increase tax collection and broaden the tax base in response to recommendations ...