The Inland Revenue Department announced that today marks the final day for submitting income tax returns for the 2023/2024 ...

Sri Lanka's new administration wants to cut personal income taxes, take away value added taxes taxes on some processed food ...

Sri Lanka has begun talks with the International Monetary Fund to craft a new staff level agreement to pass the next review ...

President Anura Kumara Dissanayake's promise to hold corrupt officials accountable has fueled his public support.

Good morning, ladies and gentlemen. Thank you very much for joining us today, and welcome to the IMF Press Briefing. I am Martha Woldemichael. I'm the IMF Resident Representative based here in Colombo ...

Tourism is affected. November 2019: Sri Lanka overhauls the tax code, including a reduction of personal income tax on the highest earners and a drastic cut in the value-added tax to 8% from 15%.

The need to widen the tax base rather than increasing tax rates without adverse impacts on the processes of investment and on living conditions of the low and middle income groups in Sri Lanka has ...