Politics

CESS tax on multiple items amended   The rate of CESS levy imposed on a total of 637 items under 187 HS codes has been amended with effect from yesterday (Nov. 15) In his capacity as the Minister of Investment…

China provides 10mn liters of fuel on President’s request   The Government of China has agreed to provide 10.6 million liters of fuel for Sri Lanka’s agricultural and fishing activities as per a request made by President Ranil Wickremesinghe. The…

Top Saudi business delegation in SL, meets FM A delegation from a leading Saudi clothing company, Ajlan & Bros Group has arrived in Sri Lanka. Foreign Minister Ali Sabry welcomed the delegation, including the Ajlan & Bros Group Chairman Sheikh…

Any vehicle imported to Sri Lanka on or after May 22, 2020, but not before November 12, 2021, & Electrically propelled vehicles imported before November 12, 2021, which were seized at Customs, will be released subject to payment of the…

RW slashes military spending from Budget!   President Ranil Wickremesinghe is to present the Budget for next year (2023) to Parliament as the Finance Minister at 1.30 p.m. today (14). According to the Appropriation Bill recently submitted to Parliament by…

Budget 2023 to focus on social welfare benefits for the needy   President Ranil Wickremesinghe in his capacity as the Minister of Finance will present the 2023 budget to Parliament tomorrow (14) aimed at creating long-term, stable economic growth. The…

Police ordered to question Gotabaya Rajapaksa The Fort Magistrate’s Court has issued an order to record a statement from former President Gotabaya Rajapaksa over the Rs. 18 million in cash that was found by anti-government protesters at the President’s House…

2 more taxes upped   The Finance ministry has announced that two taxes have been increased with immediate effect. The Import tax on Ethanol used for manufacture of disinfectant liquids, which was reduced during the Covid – 19 pandemic, has…

Rajitha & several others to join govt.   A number of Opposition MPs including Rajitha Senaratne are ready to join the government, former MP Saman Ratnapriya said while speaking at a news conference held at the United National Party Headquarters…

FTZ Union requests Govt. to collar bigtime tax evaders   The Free Trade Zones and General Services Employees’ Union (FTZ&GSEU) has made a call to take immediate action on companies that have become VAT and income tax defaulters, rather than…