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Sri Lanka

Gambling Regulatory Authority Bill gets COPF nod

The Committee on Public Finance has approved the Bill to establish the Gambling Regulatory Authority, paving the way for an independent body to...

Sri Lanka

BYD vehicle dispute risks diplomatic strain between China and Sri Lanka

The detention of a consignment of electric vehicles from Chinese automaker BYD at the Hambantota Port risks triggering a diplomatic dispute between Sri...

Sri Lanka

Beedi tax hike triggers decline in license renewals and revenue, COPF told

A recent hike in the tobacco tax on beedi products has led to a sharp decline in license renewals and revenue collection, the...

Business

CoPF approves tea license fee to fund industry development

The Committee on Public Finance (CoPF) approved the Regulations under the Tea (Tax and control of export) Act, No. 16 of 1959. This...

Sri Lanka

CoPF flags revenue losses in vehicle import tax collection

The Committee on Public Finance (COPF) has expressed concern over potential losses to state revenue due to inconsistencies in the taxation of imported...