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
Leaders from China and Sri Lanka have voiced support for a proposed bilateral free trade agreement at a recent meeting.Read Full Story
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
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's headline value-added tax rate rose from 11 percent to 15 percent on November 1. Read Full Story
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
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