News

Everyone above 18 will have tax file – Siyambalapitiya

Published

3 years ago

2023/06/3

State Minister of Finance Ranjith Siyambalapitiya announced that starting from 01 January 2024, the Inland Revenue Department (IRD) would open tax files for all individuals above the age of 18.

While it was mandatory for individuals to open a tax file, not everyone would be required to pay taxes, State Minister Siyambalapitiya said. He further stated that the tax file number would also be used for future welfare benefits.

A special Gazette notification was issued by President Ranil Wickremesinghe, who serves as the Minister of Finance, Economic Stabilization and National Policies, with the approval of the Commissioner General of IRD. This notification, effective from 01 June, makes it compulsory for professionals belonging to 14 categories, including Doctors, Engineers, Chartered Accountants, and Architects, to register themselves with the IRD.

The Gazette notification also states that employees, whose combined monthly contributions to any Provident Fund exceed 20,000 rupees, are required to register with the IRD.

The list of professionals, who must register with the IRD, from 01 June, are: Practitioners registered with the Sri Lanka Medical Council (SLMC), members of the Institute of Chartered Accountants of Sri Lanka, members of the Institute of Certified Management Accountants of Sri Lanka, members of the Institution of Engineers Sri Lanka, members of the Association of Professional Bankers, members of the Sri Lanka Institute of Architects, members of the Institute of Quantity Surveyors Sri Lanka, Attorneys-at-Law of the Supreme Court of Sri Lanka, individuals who have registered their businesses in Divisional Secretariats, individuals who own vehicles registered (excluding three-wheelers, motorcycles, and hand tractors) with the Motor Traffic Department, individuals who have purchased or acquired any immovable property in Sri Lanka through Deeds Transfer on or after 01 April 2018, employees whose monthly contribution from both employee and employer to any Provident Fund exceeds 20,000 rupees, Individuals who obtain approval for a building plan from a Local Authority, and any other individual who receives payment of Rs. 100,000 per month or Rs. 1,200,000 for a 12-month period for providing any services in Sri Lanka.

According to the notification, individuals who do not fall into any of the mentioned categories but are 18 years of age, or older, as of 31 December 2023, or who reach the age of 18 on or after 01 January 2024, must register with the IRD from 01 January 2024.

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Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrives in Colombo

Published

4 hours ago

2026/09/9

Priyan

The Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrived in Sri Lanka today, 9 September 2026, on a replenishment visit.

The Sri Lanka Navy welcomed the visiting ship in accordance with naval traditions at the port of Colombo.

‘ITS Giuseppe Garibaldi’ is a 180m long Landing Helicopter Aircraft Vessel commanded by Captain Marco GUERRIERO.

During the ship’s stay in Sri Lanka, the Commanding Officer of ‘ITS Giuseppe Garibaldi’ is scheduled to call on the Commander Western Naval Area.

News

Bangladesh bank on bowlers in bid to bring India down

Published

8 hours ago

2026/09/9

Priyan

Bangladesh will look to curb Shafali Verma's aggression [cRICINFO]

If Bangladesh take the route of seeking inspiration from the past to bring down heavyweights India on Thursday, they will have to squint their eyes and go back to pre-Covid times for their last victory against them in the Women’s Asia Cup. India have had the better of their neighbours over their last eight meetings, and last lost to Bangladesh in a T20I three years ago, when a very similar-looking Indian batting line-up was kept to 102 for 9.

Before that, Bangladesh had shocked India with back-to-back wins that culminated in their maiden Asia Cup title, by again stifling India to an underwhelming 112 for 9.

The Bangladesh team of today – as their recent fights have shown over the last two World Cups – is a version far improved from the ones of 2018 and 2023. They have scared teams like Australia and England (ODI World Cup) and India (T20 World Cup) in the last 12 months and they recently beat the higher ranked Pakistan in the UK by keeping them to 100 for 8.

It is this bowling strength that Bangladesh must bank on to try and bring down India, whose batting has stuttered every now and then, including a collapse of 8 for 46 against Thailand earlier in the tournament. India have had middle-order issues for a while now – it’s one of the things that kept them from a knockout berth in the last T20 World Cup – and Bangladesh will be itching to strike while the iron is hot.

They have laid the foundations in the last 10 days by routing Indonesia for 58, making Sri Lanka sweat in a chase of 115, and suffocating UAE’s batters to 69 for 9 with semi-finals qualification on the line.

Pratika Rawal, India’s No. 3 for this tournament in place of the injured Jemimah Rodrigues, hasn’t quite shown the promise in this format that she has in ODIs. Her 36 runs in three innings have come at a strike rate of just 109.09, against some of the lower-ranked teams in the world. Now into the knockouts, the time is ripe for Rawal to step up against one of the stronger bowling attacks of the tournament, especially if one of the openers doesn’t get going.

Swing bowler Marufa Akter is doing Marufa Akter things at this Asia Cup. She has struck in her opening spell in each of her three games so far – including the big scalp of Chamari Athapathuthu for 1. She has made the ball talk with her prodigious swing, and is the top wicket-taker in this Asia Cup among pace bowlers, with an economy rate of 3.27. She will hold the key for Bangladesh as they come up against a top order comprising Smriti Mandhana, Shafali Verma and Rawal.

Team news

After constant chopping and changing during the T20 World Cup in the UK, India have gone unchanged in the three games of this tournament. They will be expected to field the same XI again.

India (probable): Smriti Mandhana, Shafali Verma, Pratika Rawal, Harmanpreet Kaur (capt), Richa Ghosh (wk), Bharti Fulmali, Deepti Sharma, Prema Rawat, Kranti Gaud, N Shree Charani, Nandani Sharma.

Bangladesh have used 14 players, in comparison, including a debut for 17-year-old allrounder Farjana Easmin. They may not make too many changes this time as the two players who came into the XI on Tuesday – Rabeya Khan and Sharmin Akter – played starring roles in beating UAE.

Bangladesh (probable): Juairiya Ferdous, Nigar Sultana (capt & wk), Sobhana Mostary, Dilara Akter, Shorna Akter, Rabeya Khan, Sharmin Akter, Nahida Akter, Sultana Khatun, Marufa Akter, Fahima Khatun.

[Cricinfo]

News

Establishment of National Trade Negotiation Committee (NTFC) and Trade Policy Consultation Committee.

Published

10 hours ago

2026/09/9

Priyan

Approval has been granted at the cabinet meeting held on 24-08-2026 to implement the recommendations submitted by the committee appointed to review Sri Lanka’s current Free Trade Agreements and future course of Free Trade Agreements in Sri Lanka.

Taking into account these recommendations, it has been
recognized the necessity of establishing a National Trade Negotiation Committee and Trade Policy Consultation Committee enabling Sri Lanka to follow a more targeted, sequential, and evidence-based approach in conducting negotiations for Sri Lanka’s future Free Trade Agreements and to ensure a sustainable and meaningful stakeholder consultation process.

The Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commercial, Food Security, and Cooperative Development to act as follows.

• Establishment of a National Trade Negotiation Committee to guide trade discussions conducted with potential bilateral or regional trade partners
• Appointment of the Secretary to the Ministry of Trade, Commerce, Food Security, and Cooperative Development as the Chairman of the National Trade Negotiation Committee and
the Chief National Trade Negotiator.
• Establishment of 12 subject specific sub- committees with the required technical working groups under the National Trade Negotiation Committee
• Appointment of Trade Policy Consultative Committee comprising of trade experts, researchers engaged in research relevant to trade field, business community, unions, civil societies and relevant public officers to instruct the National Trade Negotiation Committee on active and technical sectors, to submit the policy recommendations to the Cabinet of Ministers regarding the matters relevant to the trade agreements, to inquire sustainable ideas regarding the Free Trade Agreements, and to ensure the communication mechanism.
• The Minister in charge of the Subject international trade and the Minister in charge of the subject of Industry to serve as Co-Chairpersons of the Trade Policy Advisory Committee.