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Ideally everyone over 18 years should have a taxpayer number - Finance Minister


''I am of the opinion that everyone over the age of 18 years should have a taxpayer number regardless of whether he or she had to pay taxes or not, Finance Minister Mangala Samaraweera said.

'Charities of a religious nature may have to pay taxes and temples that have had commercial activities from ancient times would be looked into in this regard. Government doctors engaging in private practice and lawyers are among those who avoid paying taxes. Therefore, the new tax system will trap them as well, the Finance Minister added while addressing the media on the new Inland Revenue Bill at the Finance Ministry auditorium yesterday.

The government is expecting parliament to vote on the new Inland Revenue Bill which will expand the tax net, by the third week of August 2017. The new law will apply to the 2018 fiscal year, Samaraweera said.'The purpose of the New Inland Revenue Bill is to increase the direct tax structure and reduce indirect taxes in order to create a just and fair society.


State minister in effort to reassure CSE investors

Once the new Inland Revenue Bill is passed it would create a stable environment for any investor to invest in the Colombo Stock Exchange without fear or doubt, State Minister for Finance Eran Wickramaratne said." We are discussing with all stake...

PUCSL approves CEB's optional plan for electricity generation


Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, granted approval to an optional plan of Ceylon Electricity Board's (CEB) Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018- 2037, with the view of ensuring...

Sri Lanka’s new regionalism: looking beyond South Asia


Since the conclusion of a nearly three-decade long conflict in 2009, Sri Lanka’s prominence in Indian Ocean politics has grown significantly. Whereas during the conflict its outlook was predominantly security-oriented, the island nation has now b...

Two-day technical seminar in Kandy


A two-day technical seminar will be held at the Mahaweli Reach Hotel, Kandy, on 21st and 22nd of July to showcase latest tools which would be vital for use at power utilities, industrial plants and even households.M. Maniymuthu, Chairman/Managing Dir...

Café 2017 media launch


At head table – Chef Gerard Mendis - Chairman - Chefs Guild of Lanka/ CAFÉ 2017, Chef Madhawa Weerabaddhana - Event Director - Café 2017/ Chefs Guild of Lanka, Chef Dimuthu Kumarasinghe - President - Chefs Guild of Lanka- Global Eve...

Sri Lanka Customs creates history


Established more than 200 years ago in 1809, Sri Lanka Customs is one of the oldest Customs administrations in the world. In their quest to be a leading promoter of advanced technology driven Customs operations in the region, Sri Lanka Customs created ...

Tech One Sanje honored at Microsoft Inspire


Tech One Sanje recently attended the Microsoft Inspire event which was represented by CEO, Lars Jeppesen along with Director, Thariq Sanoon representing the country partner of the year, Sri Lanka. Winning 2017 Microsoft Country Partner of the Year Awar...

Riu Sri Lanka: ‘the largest all-inclusive resort for families and friends’


1. What inspired RIU to choose Sri Lanka for its first resort in the Asian region? We’ve been in the family holiday business for several decades with an important presence in Europe, the Caribbean, Mexico, Central America and North Africa. It ...

Preventing and controlling non-communicable diseases – importance of vegetarianism


Having read many articles on vegetarianism and having been convinced of the medical, spiritual, financial and social dividends of becoming pure vegetarians I have been prompted to pen this article.My efforts are aimed at preventing animal slaughter i...

US-Lanka Fashion Show in New York


The first ever Sri Lankan fashion week in New York was held from June 22nd to June 25th. The highlight of the week was the US Lanka Fashion Show that was held at Hilton Garden Hotel in Staten Island New York on June 23rd 2017. Boston Lanka Media Networ...

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