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Sri Lanka News




Sri Lanka To Hike VAT To 15 Percent

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 10, 2016

Sri Lanka has announced a substantial four percent hike to the headline value-added tax rate, to establish a rate of 15 percent, rather than introducing a split-rate system. Read Full Story

 


US Opens Another Trade Dispute Over Chinese Tires

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 23, 2016

On February 19, the US Commerce Department decided to initiate antidumping and anti-subsidy countervailing duty investigations into imports of truck and bus tires from China. Read Full Story

 


US Commerce Investigating 'Dumped' Tire Imports

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 10, 2016

On February 4, the US Commerce Department decided to initiate antidumping and anti-subsidy countervailing duty investigations into imports of certain new pneumatic off-the-road tires from China, India, and Sri Lanka. Read Full Story

 


Sri Lankan Tax Reforms Effective

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, January 1, 2016

Numerous changes to Sri Lanka's value-added tax and National Building Tax regimes took effect on January 1. Read Full Story

 


Meaningful, Lasting Reforms Needed In Sri Lanka: IMF

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, December 16, 2015

The Government of Sri Lanka has been encouraged to ensure that its finances are sustainable, after temporarily buoying its fiscal position with largely one-off measures. Read Full Story

 


Sri Lanka Announces VAT Changes In New Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 2, 2015

The Sri Lankan Government announced plans to overhaul its value-added tax regime in its new 2016 Budget. Read Full Story

 


Sri Lankan Lawmakers Approve Numerous One-Off Levies

by Mary Swire, Tax-News.com, Hong Kong

Friday, October 30, 2015

On October 20, 2015, Sri Lanka's Government passed several amendments to implement tax proposals announced in the 2015 Interim Budget. Read Full Story

 


Tax Collection Still Low In South Asia, World Bank Says

by Mary Swire, Tax-News.com, Hong Kong

Thursday, October 8, 2015

The World Bank said in a recently released report that South Asia's rapid economic growth has not yet translated into significantly higher government revenue generation and improved fiscal balances. Read Full Story

 


South Asian Territories Need Expanded VATs

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 21, 2015

In its recent Global Economic Prospects report, published this month, the World Bank has called on countries in South Asia to broaden the scope of their consumption tax regimes, including by removing tax breaks and raising rates. Read Full Story

 


Sri Lankan VAT Rate Cut To Support Manufacturers

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 3, 2014

Fitch Ratings has said that Sri Lanka's decision to cut the value-added tax rate by one percent will support domestic manufacturers. Read Full Story

 

 

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