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Sri Lanka News - Business, Taxation & Offshore

Sri Lanka Should Plug Revenue Holes: IMF

by Ulrika Lomas,, Brussels

Wednesday, August 16, 2017

Sri Lanka is planning to revamp its tax system to reverse a steady erosion of its tax base over the past two decades, the International Monetary Fund has said.Read Full Story


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