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Sri Lanka News - Business, Taxation & Offshore

China, Sri Lanka Back Free Trade Talks

by Mary Swire,, Hong Kong

Thursday, April 13, 2017

Leaders from China and Sri Lanka have voiced support for a proposed bilateral free trade agreement at a recent meeting.Read Full Story


US Anti-Subsidy Duties Finalized For Indian, Sri Lankan Tires

by Mike Godfrey,, Washington

Friday, January 6, 2017

On January 4, the Department of Commerce announced its final decision that, while Indian manufacturers/exporters have not dumped the same products into the United States at less than fair value, it will impose anti-subsidy countervailing duties on the imports of certain new pneumatic off-the-road tires.Read Full Story



IMF Welcomes Sri Lanka's New Inland Revenue Act

by Lorys Charalambous,, Cyprus

Monday, December 19, 2016

The International Monetary Fund has welcomed Sri Lanka's new Inland Revenue Act, due to be introduced early next year, saying that it should boost tax revenues and improve tax administration.Read Full Story


Sri Lanka Hikes VAT Rate To 15 Percent

by Mary Swire,, Hong Kong

Tuesday, November 1, 2016

Sri Lanka's headline value-added tax rate rose from 11 percent to 15 percent on November 1. Read Full Story



China Proposes Free Trade Deal With Russia, Others

by Mary Swire,, Hong Kong

Tuesday, October 25, 2016

China's Deputy Minister of Commerce, Qian Keming, has proposed that the member countries of the Shanghai Cooperation Organization (SCO) – China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan – should establish a free trade agreement (FTA).Read Full Story


UK Consumers Would Bear Brunt Of 'Hard Brexit'

by Jason Gorringe,, London

Monday, October 10, 2016

The price of foreign goods sold to British consumers after the UK leaves the European Union could be as much as 27 percent higher as a result of new trade taxes, the British Retail Consortium has said.Read Full Story