Under the Finance Act No. 35 of 2018 a tax has been imposed on the telecommunication towers and accordingly an annual tax amount of Rs. 200,000/- is levied from mobile network operators who possess telecommunication towers. However, it has been proposed in the Budget for 2026 that the said tax shall not be levied for a period of five (5) years in respect of telecommunication towers newly erected on or after 2026-01-01.

Accordingly, the Legal Draftsman has formulated a draft bill to amend the Finance Act No. 35 of 2018 including the provisions for taking necessary action, and the Attorney General has granted the clearance in the regard.

Hence, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to publish the said draft bill in the Government Gazette Notification and thereafter submit the same to the Parliament for its concurrence.

The cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to publish the Value Added Tax (Amendment) Bill in the Government Gazette and thereafter submit it for the concurrence of the Parliament.

The Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Digital Economy, to appoint  H.M.J.M.Herath, a special Grade officer in Sri Lanka Administrative Service, who is currently serving as the District Secretary / Government Agent of Kegalle, to the post of Commissioner General of Registration of Persons