State Minister of Indigenous Medicine Sisira Jayakody announced on Thursday that Ayurveda products, medicines and industries, related to indigenous medicine, would be exempt from the Value...
Sri Lankan businesses that cater to the domestic market alone would struggle as citizens will reduce consumption due to the increase in VAT and income tax,...
State Minister of Indigenous Medicine Sisira Jayakody at a media briefing held at the Presidential Media Centre today (04) announced a significant step toward reducing healthcare...
A temporary uptick in inflation is likely in the near term mainly due to the proposed value added tax (VAT) increase and its possible second-round impact,...
ECONOMYNEXT –Sri Lanka is expecting 1,400 billion rupees from Value Added Tax in 2024, after broadening the base and raising the rate, Director of the State...
This being the last issue for 2023, we take the opportunity of wishing all our readers a very Happy New Year. But not even the most...
The Pay as You Earn (PAYE) tax registrations have increased from 41,636 in 2022 to 242,679 in 2023, Commissioner of the Department of Inland Revenue A....
The SLPP’s political duplicity is amply displayed by its double standards on VAT increase, says the JVP-led NPP. Former JVP MP and NPP executive committee member,...
The tea industry which is exempted from VAT until now is subject to an 18 percent VAT from 1st January 2024. While it is understood that in...
The Tea Exporters Association (TEA) sounded an alarm in response to the impending 18 percent Value Added Tax (VAT) set to hit the tea industry from...