Mangala revises health sector tax
Cabinet approves removal of 15% VAT on doctors’ consultation fee, channeling fee and professional charges from 1 July; no change in…
Tag: VAT
Sri Lanka’s Finance Minister plans to reduce VAT to 12.5% by 2020
Sri Lanka’s Minister of Finance and Mass Media, Mangala Samaraweera says that he expects to reduce the 15% Value-Added Tax…
Sri Lanka’s Commercial Bank accelerates into 2018 with impressive growth
Sri Lanka’s Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 7.677 billion and profit…
All’s well with IRA
By Uditha Jayasinghe Barely a day after the new Inland Revenue Act (IRA) came into force, Finance Minister Mangala Samaraweera…
IMF says economy normalising but reforms essential
Recommends fiscal consolidation and tightening monetary policy 2018 growth predicted at 4.6% below CB projections Further delays in SOE reform, bad…
Sri Lanka’s reforms need to be targeted to support the poor, World Bank says
While Sri Lanka can claim a low poverty rate compared to other countries in in South Asia, significant poverty still…
Opposition failed in its responsibility to properly critique Budget 2018: Harsha
-Says Finance Minister should be satisfied with maiden Budget -Tax on telecom towers hindering shift to digital era -Commends ‘Beer Tax’ as…
H’tota Port tax cuts before Cabinet
Gazette outlining tax concessions to be presented to Cabinet today Parliamentary debate on tax concessions for H’tota Port expected Friday…