Changes to TIN number : New update
2024-02-23
The proposal to incorporate the National Identity Card (NIC) when issuing the Tax Identification Number (TIN) for tax registration willContinue Reading
Mandatory TIN number : Major change expected
2024-01-24
The Ministry of Finance has taken measures to simplify the newly introduced Taxpayer Identification Number (TIN). State Minister of FinanceContinue Reading
Patali reveals how Govt revenue can be increased by 50% without increasing Taxes
2023-12-18
Sri Lanka Republican Front (SLRF) Leader MP Patali Champika Ranawaka says there is a possibility to raise the country’s incomeContinue Reading
Rs. 50,000 fine if you don’t file annual income report on time
2023-11-29
Sri Lanka’s Inland Revenue Department says the annual income report for the assessment year 2022/2023 should be submitted to theContinue Reading
Rs. 116 Mn Tax arrears paid : Suspension lifted on two main distilleries
2023-11-28
Alcohol production at two of the main distilleries of Sri Lanka, which was temporarily suspended by the Excise Department earlierContinue Reading
Government urged to crack down on Tax evaders instead of Taxpayers
2023-11-03
Chairman of the Committee on Public Finance (COPF), MP Harsha de Silva has shed light on the government’s tax collectionContinue Reading
Namal hints at ‘Aragalaya’ as cause for tax increase
2023-10-04
Parliamentarian Namal Rajapaksa says there would not have been an increase in taxes if not for the ‘Aragalaya’ peoples’ protestContinue Reading
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