LNP – Sri Lanka Police to receive Rs. 300M Indian grant for new vehicles
The Government of India has agreed to provide financial assistance amounting to Sri Lankan Rs. 300 million to address vehicle requirements for the Sri Lanka Police,
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Business
LNP – Withholding Tax to be increased to 10%
President Anura Kumara Dissanayake announced that the Withholding Tax will be increased from 5% to 10%.
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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.
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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.
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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
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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,
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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.
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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.
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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
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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
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