Sri Lanka has earned US$ 462 million from tourism in the first three months of this year. If the trend continues, by the end of this year, the tourism industry is expected to generate over US$ 2.5 billion in revenue, Tourism Ministry Secreta...

The Government is looking at the possibility of providing a relief package to the people prior to the traditional Sinhala and Tamil New Year, Finance Minister Basil Rajapaksa told the All-Party Conference (APC) yesterday. He said that he was...

The Bill to amend the Value Added Tax Act No. 14 of 2002 was passed by the Committee on Public Finance. The approval was given at a meeting of the Committee on Public Finance. This Bill has been drafted to implement the tax policy proposals...

Sri Lanka’s China-backed Colombo Port City special economic zone, which has is giving long term tax holiday is likely to face pressure as the international community which is moving for a minimum 15 percent global tax, an International...