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Monday November 9th, 2026
Fiscal

Sri Lanka's leading leftist alliance NPP promises tax cuts for the rich

"We will definitely reduce this tax," he said.

January 31, 2023 3 min read

Sri Lanka meets 4.0-pct primary deficit target for 2022

Combination of revenue increases and spending restraint seen

January 31, 2023 2 min read

Sri Lanka sovereign bond holders not looking for domestic hair-cut

GFN is a key target a country under an IMF deal has to bring down

January 31, 2023 4 min read

Sri Lanka port trade unions protest against tax hike; vow to agitate until taxes reduced   

Sri Lanka's state trade unions likely start trade union actions if government fails to reduce taxes

January 31, 2023 2 min read
Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator

Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views

Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA

The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct

Sri Lanka group laments reduced control of rulers after 2017 budget

An activist group has lamented a perceived reduction in the control of Sri Lanka's elected ruling class and bureaucrats ...

November 15, 2016 6 min read

Green lobby exempted from VAT while healthccare draws tax

Sri Lanka's renewable energy businessmen, who are making billions of rupees by selling high priced power to the people, ...

November 15, 2016 1 min read

Sri Lanka hikes carbon tax 80-pct; fears of trouble ahead for motorists

Sri Lanka is raising a carbon emission tax for cars by 80 percent to 2,000 rupees a media report said, while the fees wi...

November 13, 2016 2 min read

Sri Lanka banks, customers, hit by contradictory debit taxes

Sri Lanka budget for 2017 has slapped penal debt taxes on bank withdrawals which claimed to boost banking transactions, ...

November 12, 2016 2 min read

Sri Lanka 2017 budget in subsidized credit push; housing loans below policy rate

Sri Lanka's budget for 2017 has proposed multiple subsidized credit programs including 370 billion rupees of long term h...

November 12, 2016 4 min read

Sri Lanka slash tax on commercial vehicles, smaller cars go up - Update

The Finance ministry has revised the tax rates on vehicles making smaller cars and three wheelers more expensive, but co...

November 11, 2016 2 min read

Sri Lanka budget proposes slashing car, trishaw loans

Sri Lanka's budget for 2017 has proposed slashing the loans given to buy car loans to 50 percent of the value from the c...

November 11, 2016 1 min read

Sri Lanka's Hambantota port loses Rs18.8bn a year

Sri Lanka's Hambantota Port, built by a Chinese firm with a loan from China during the ousted Mahinda Rajapaksa regime, ...

November 11, 2016 1 min read

Sri Lanka to encourage re-export of used cars

Sri Lanka is proposing the re-export of used cars older than five years to ease congestion on already overcrowded roads,...

November 11, 2016 1 min read

Sri Lanka hikes taxes, targets lower deficit in 2017

Sri Lanka hiked taxes, including on pension funds of private sector workers, and held state salaries and pensions for th...

November 11, 2016 3 min read
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US Dollar 331.7485 330.8514
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Turnover Rs 1457.79 million 1193.67 million
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6-m bill 7.91 8.26
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today yesterday
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Vehicle insurance to pay Sri Lanka state hospital for accident victims

Sri Lanka's state hospitals will claim a minimum of 25,000 rupees for treating accident victims from the insurance cover...

November 10, 2016 1 min read

Sri Lanka to charge 10-pct capital gains tax on property: Budget 2017

Sri Lanka will charge a 10 percent capital gains tax on immovable property, Finance Minister Ravi Karunanayake said, in ...

November 10, 2016 1 min read

Sri Lanka budget 2017: main tax hikes

ECONOMYNEXT – Sri Lanka’s government increased several taxes to raise revenue in its budget proposals for ...

November 10, 2016 4 min read

Sri Lanka to charge carbon tax; Rs2,500 fine for traffic violations: Budget 2017

ECONOMYNEXT - Sri Lanka will charge minimum tax of 2,500 rupee for traffic violations and also charge a carbon tax, the ...

November 10, 2016 1 min read

Sri Lanka to slam half a million fine on overstaying tourists; hike visa fees: Budget 2017

Sri Lanka will slam a million rupee (3,400 rupees) fine on overstaying tourists, and visa fees will also be hiked, a bud...

November 10, 2016 1 min read

Sri Lanka to charge debit tax bank withdrawals, 'easy cash'

Sri Lanka will charge a tax of 5 rupees for every 10,000 rupee transaction made by banks and financial institutions, a b...

November 10, 2016 1 min read

Sri Lanka to tax listed debt, unit trusts income; bond interest, EPF taxed at 14-pct

Sri Lanka will raise the withholding tax on bond interest from the current 10 percent to 14 percent, and remove an exemp...

November 10, 2016 1 min read

Sri Lanka to remove 100 items from CESS tax: Budget2017

Sri Lanka will remove 100 items from an import cess tax, Finance Minister Ravi Karunanayake said presenting a budget 201...

November 10, 2016 1 min read

Sri Lanka beckons foreign firms to set up HQ with zero corporate tax: Budget 2017

ECONOMYNEXT - Sri Lanka is inviting foreign companies to set up their headquarters in Sri Lanka, Finance Minister Ravi K...

November 10, 2016 1 min read

Sri Lanka renews plan to set up Exim Bank: Budget2017

Sri Lanka will set up an Export Import Bank, with a 10 billion rupee capital contribution from the tax payer, Finance Mi...

November 10, 2016 1 min read