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Sri Lanka

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...

Business

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...

Sri Lanka

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...

Sri Lanka

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...