#Taxes
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...
Govt to lose Rs. 60 billion in revenue due to tax concessions
The government is projected to incur a loss of approximately Rs. 60 billion in tax revenue following the recent revision of the personal...
Government doubles stamp duty on property leases and rentals
The government has decided to increase the stamp duty applicable to property lease and rental agreements by 100%, according to an official statement...
Tech entrepreneurs warn of brain drain amid new taxes on digital services
Dr. Harsha Subasinghe, one of the founders of Colombo’s Trace City – a knowledge-based techno-centric business hub, has expressed serious concerns about the...
Opposition criticizes Govt’s 15% forex earning tax on IT professionals and freelancers
Samagi Jana Balawegaya (SJB) MP Mujibur Rahman expressed concern in Parliament on Tuesday over the government’s recent decision to impose a 15% tax...
Patali raises concerns over Govt.’s new tax regime
The leader of the United Republican Front (URF) Patali Champika Ranawaka said that the government has burdened the public with a regime of...
