LNP – Withholding Tax to be increased to 10%
President Anura Kumara Dissanayake announced that the Withholding Tax will be increased from 5% to 10%.
Read more
Business
LNP – Sri Lanka to allow vehicle imports from February 2025
President Anura Kumara Dissanayake has announced that the government has decided to allow the import of vehicles for personal use, with effect from February 01, 2025.
Read more
LNP – Govt to raise PAYE tax threshold to Rs. 150,000 – President
President Anura Kumara Dissanayake says that the government was able to reach an agreement with the International Monetary Fund (IMF) to increase the Pay As You Earn (PAYE) Tax exemption limit from Rs. 100,000 to Rs. 150,000.
Read more
LNP – Expressway exits accept only local currency, inconveniencing tourists and locals: Official
Tourists and the local community face inconvenience when making payments at expressway toll gates, as they currently accept only Sri Lankan currency
Read more
LNP – Plan to relocate President’s House, Temple Trees to Sri J’pura Kotte put on hold
The new government led by the National People’s Power (NPP) has put on hold plans by the previous rule to relocate the President’s House,
Read more
LNP – Sri Lanka’s internet subscriptions hit 26mn connections
The number of internet subscriptionsin Sri Lanka, including mobile internet connections, has risen to 26 million units by the end of the second quarter of 2024, according to local analytics platform Charts.lk.
Read more
LNP – Sri Lanka’s economy grows 5.5% in Q3 2024
The year-on-year GDP growth rate for the third quarter of 2024 has been reported as 5.5 percent of positive growth rate, the Department of Census and Statistics indicated.
Read more
LNP – CAA conducts 342 raids on rice traders; fines imposed over 6
The Consumer Affairs Authority (CAA) says that 342 raids have been carried out so far ahead of the festive season
Read more
LNP – Maximum retail prices to be imposed on several key items – Minister
Minister Wasantha Samarasinghe says the government has decided to impose maximum retail prices on a range of essential items in the future
Read more
LNP – ASPI crosses 14,500 points to set new all-time high
The All-Share Price Index (ASPI) of the Colombo Stock Exchange has exceeded the 14,500-points mark for the first time in history.
Read more