ECONOMYNEXT – Removing the current simplified value added tax (SVAT) system for export factories, without clear well-tested alternative could create cashflow issues for exporters at a time Sri Lanka’s ...

Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax rate collects nearly five times more through its Goods and Services Tax (GST) ...

Most countries charge VAT at 20 percent. Many countries charge VAT at 20 percent. Sri Lanka has an 18 percent tax. East Asian nations which do not have aggressive central banks and avoid economic ...

Sri Lanka’s vehicle tax structure has come under renewed scrutiny, with tax experts warning that the imposition of the value added tax (VAT) on top of an already VAT-inclusive excise duty has ...

Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability under the IMF program it began in 2016. The government's high debt payments and bloated civil service ...

president of the Canned Fish Manufacturers Association of Sri Lanka (CFMASL), at a press conference in Colombo last Friday. If the VAT is removed, the price of a can of canned fish could be reduced by ...

Sri Lanka is a tropical island in the Indian Ocean comprised of 48 distinct agro-ecological regions which support rich biodiversity. IUCN started operating in the country in 1988 with the ...

From Shamar Joseph’s searing spell of pace bowling to New Zealand’s Women’s T20 World Cup win, here are our picks. Maharaj’s five-for helps South Africa beat Sri Lanka by 109 runs and leap ...

A train collided with a herd of elephants in Sri Lanka on Wednesday night, killing at least six of them, according to Sri Lanka Police. No passengers were injured, but wildlife veterinary officers ...

Sri Lanka 53/3 in 17.2 overs Sri Lanka 102/4 in 31.5 overs Drinks: Sri Lanka 106/4 in 32.0 overs D Chandimal 31st Test fifty: 50 runs in 91 balls (7x4) (0x6) ...