President Dissanayake emphasized the longstanding relationship between Sri Lanka and Iran and expressed his desire to strengthen ties between both countries. “In response, the Ambassador reaffirmed Iran’s commitment to supporting Sri Lanka in trade, technology, culture, and education, as well ...
and is similar in status to that of a branch office. It is, prohibited from engaging in any trading or investment activity or accruing any turnover in Sri Lanka. No tax incident arises since it is not permitted to trade. Therefore, a...
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Sri Lanka’s Finance Ministry has decided to impose a 100% surcharge rate on both General and Preferential Custom Duty of multiple products with effect from Wednesday (June 01).
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy. The President made this statement at the inauguration of the 5th session...
schedule with its need to maintain adequate foreign exchange reserves.In May 2016, Sri Lanka regained its preferential trade status under the European Union’s Generalized System of Preferences Plus, enabling many of its firms to export products, including its top export garments, tax free to the...
In May 2016, Sri Lanka regained its preferential trade status under the European Union's Generalized System of Preferences Plus, enabling many of its firms to export products, including its top export garments, tax free to the EU. In 2017, Parliament passed a new Inland Revenue Act in an ef...
Sri Lanka’s economy boasts a thriving export sector, and establishing a strong presence in key markets like the UK can significantly enhance business growth. According to the UK’s Department for Business & Trade, exports from Sri Lanka to the UK totalled GBP 1 billion across...
(during September 1–September 20), a figure only better than South Korea and Japan, but far behind other South Asian countries tracked. After the election, this percentage dropped to 32 percent (68 percent in the right direction) moving Sri Lanka into the top three countries with positive ...