Fuel tax cannot be removed until CPC loans are repaid – Energy Minister
2025-08-12
Energy Minister Kumara Jayakody says there is no possibility of removing the taxes imposed on fuel until the loans obtainedContinue Reading
Sajith questions Govt on Tax issues related to vehicle imports
2025-08-07
Raising concerns in Parliament regarding the tax complications arising during vehicle imports, Opposition Leader Sajith Premadasa said that the taxContinue Reading
Beedi Tax : COPF informed of drop in licence renewals
2025-07-29
The Parliamentary Committee on Public Finance (COPF) has approved the Extraordinary Gazette Notification No. 2430/16 dated April 01, 2025, whichContinue Reading
“Only 43% of Registered Companies, 23% of Taxable Individuals filed returns” President on Tax
2025-06-02
Only 43% of those registered as companies have submitted their tax returns, while only 23% of individuals liable for incomeContinue Reading
President AKD files tax returns
2025-06-02
President Anura Kumara Dissanayake became the first individual to file tax returns for the 2024–2025 assessment year, marking the launchContinue Reading
How much tax revenue did Sri Lanka collect in Q1 2025?
2025-05-09
Sri Lanka collected Rs. 970.58 billion in tax revenue during the first quarter of 2025, according to a financial performanceContinue Reading
No vehicle tax reduction within this year
2025-03-25
Sri Lanka will not be able to reduce vehicle taxes within this year (2025), Duminda Hulangamuwa, economic advisor to PresidentContinue Reading
COPF reviews 07 Key tax proposals by Finance Ministry
2025-03-20
The Parliamentary Committee on Public Finance (COPF) has questioned the Ministry of Finance on why only 800,000 individuals fall underContinue Reading
Cigarette tax must be reviewed, COPF Chair tells Parliament
2025-03-20
Chairman of the Parliamentary Committee of Public Finance (COPF) MP Harsha de Silva has proposed to the Parliament that aContinue Reading
Minister slams newspaper for fake news on Tax on migrant workers
2025-03-03
Deputy Minister of Economic Development Anil Jayantha Fernando informed the Parliament that misinformation has been spread by a local newspaperContinue Reading
VAT & Other Tax revenues : Update from officials
2025-02-28
The Parliamentary Committee on Public Finance (COPF) has been informed that revenue and grants have increased by 33.1% in 2024Continue Reading
Mujibur raises concerns over taxing Dollar earning freelancers
2025-02-25
Opposition MP Mujibur Rahman has raised concerns over the government’s decision to impose a 15% tax on people from theContinue Reading
Govt explains why promised Taxes not removed from Budget
2025-02-18
Deputy Minister of Finance Anil Jayantha Fernando says the government could have removed taxes if not for the agreement withContinue Reading
Ramadan Festival : Imported dates tax reduced to Rs. 1
2025-01-28
A Gazette notification has been issued granting tax concessions for dates imported to be distributed free of charge during theContinue Reading
Highest-ever tax revenue recorded in 2024
2025-01-03
The highest ever tax revenue in Sri Lanka’s history was recorded in 2024, collecting Rs.1.95 trillion, the Inland Revenue DepartmentContinue Reading
Taxpayers must pay Rs. 136,000 more in taxes than in 2020 : Patali
2025-01-02
Taxpayers in Sri Lanka would need to contribute an additional Rs. 136,000 in taxes compared to 2020, with the government’sContinue Reading
Import Tax on several items increased
2024-10-18
The government has announced an increase in taxes on certain imported goods, effective from October 14 to December 31, 2024.Continue Reading
15 Q&A from the Finance Ministry on Tax & Expenditure
2024-08-31
The Ministry of Finance has given details on the government’s tax policy and expenditure management measures. Following are the answersContinue Reading
