Two exemptions announced to Social Security Tax
2023-09-06
The government has announced a few exemptions from the Social Security Contribution Levy (SSCL). The exemptions include domestic rice productionContinue Reading
CBSL warns public of tax-related scams
2023-08-28
Warning the public of online scams, the Central Bank of Sri Lanka (CBSL) has informed the public that it doesContinue Reading
Direct tax mopup surges 22.6% to Rs 16.68 lakh crore
2023-03-14
India has collected ₹16.68 lakh crore in gross direct tax till March 10 in the ongoing fiscal year, a riseContinue Reading
Calls to reactivate 1.2 million tax files scrapped by Gotabaya’s Govt
2023-03-13
Colombo University’s Management and Finance Faculty Business Economics Department Prof.Nihal Hennayake has called to reactivate nearly 1.2 million tax filesContinue Reading
Personal income taxation a short-term economic development strategy – Govt
2023-02-07
The tax on personal income was imposed as a short-term strategy to resurrect the country from the existing economic situation,Continue Reading
Eran reveals proposed minimum tax rate under SJB
2023-02-07
A Samagi Jana Balawegaya (SJB) government, if elected, will renegotiate the Personal Income Tax (PIT) minimum threshold with the InternationalContinue Reading
New proposal from Harsha to collect Tax from non-cash benefits
2023-01-13
A system should be implemented to collect taxes properly on non-cash benefits starting from the President of the country toContinue Reading
Tax policies : GMOA warns of protest campaign
2023-01-11
The Government Medical Officers’ Association (GMOA) has warned of organizing a large-scale protest campaign against the government’s tax policies. SpeakingContinue Reading
New Casino & Gaming tax announced
2022-10-24
The Ministry of Finance has announced that the annual taxes of casinos has been increased by 150%, from Rs. 200Continue Reading
New Tax : Social Security Contribution Levy effective from today
2022-10-01
The Social Security Contribution Levy (SSCL) will come into effect from today, 1st October 2022. Earlier this month, the SocialContinue Reading
New Tax : Details of Social Security Contribution Tax revealed
2022-06-14
Cabinet approval has been granted to publish a Gazette notification on the Social Security Contribution Tax Bill. Parliament passed aContinue Reading
Telephone bills to increase from tomorrow
2022-06-03
The telecommunications levy will be increased from the existing 11.25% to 15% with effect from midnight today, the Telecommunications RegulatoryContinue Reading
List of new proposed tax reforms released : Vat 12%
2022-05-31
The government has proposed certain tax reforms to be implemented over the immediate and near term to increase revenue. TheContinue Reading
What are the one-time taxes proposed in Budget 2022?
2021-11-12
The Government, presenting the Appropriation Bill for the financial year 2022 has proposed to impose two one-time taxes. Following areContinue Reading
What are the new taxes on vehicles?
2021-11-12
The Government has proposed to impose a new tax on individuals whose vehicles are involved in road accidents in aContinue Reading