#VAT
Sri Lanka loses Rs. 240 billion in tax revenue
The Ministry of Finance has revealed that the Sri Lankan government sacrificed more than Rs. 240 billion in potential tax revenue during the...
Government tax policy leaves tea sector reeling
Sri Lanka’s tea auction prices have fallen sharply for the second consecutive week, with rates dropping over Rs. 100 per kilogram, as exporters...
Sri Lanka eyes major trade shift to secure US tariff concessions
The Sri Lankan government is preparing a sweeping package of economic concessions aimed at securing vital tariff relief from the United States, raising...
SC declines to rule on constitutionality of VAT Amendment Bill
The Supreme Court has informed Parliament that it has refrained from making a determination on the constitutionality of the Value Added Tax (Amendment)...
Govt. dismisses teachers’ call for tax relief on school equipment
The ruling National People’s Power (NPP) government has rejected calls for a reduction of the VAT on educational equipment to benefit all students,...
