According to a senior monk from the Ambarukkarama Temple of Mugurugampala in Sri Lanka who is helping the ascetic, the group is facing difficulties after another senior Sri Lankan monk asked temples not to harbhour him. The group of over 30 ascetics and Vietnamese lay followers had landed ...
The notification issued under section 86(7) of the Inland Revenue Act, No 24 of 2017, specifying the procedure for withholding tax on any payment to a nonresident person was published in the official gazette on December 11, 2024. Read a January 2025 report prepared by the KPM...
Sri Lanka had started technical exchanges with China Development Bank in person in Colombo in May 2023 and in Beijing in October 2023. An agreement in principle was reached with CDB in November 2024 and was assessed by the IMF staff as being consistent with debt sustainability. The Official Cre...
The KPMG partner tells ITR about Sri Lanka’s complex and evolving tax landscape, setting legal precedents through client work, and his vision for the future of tax Tom Baker, December 13 2024 Indirect Tax This month in indirect tax: Belgium wants ViDA progress during EU presidency Belgium...
Citing a report in the New York Times, I wrote two days ago about how excessive government spending is the real reason for economic and political turmoil in Sri Lanka and Bolivia. Kenya and Pakistan also were featured in the story, but I didn’t focus on those countries because I had pre...
8 Indonesian Pocket Tax Book 2024 PwC Indonesia Corporate Income Tax Once approved, the depreciation applied to depreciable assets must be based on the new tax book values (approved values) on the basis of a full useful life (in other words, as if the assets were new). The excess of the...
2Malaysia also has a limited double tax treaty covering air transport operations with Saudi Arabia Notes: Argentina and the United States of America – Limited double tax treaty covering air and sea transport operations in international traffic. ...
Section 280F limitations are required to be adjusted for inflation for automobiles placed in service after 2018 February 12, 2025 News KPMG report: Observations on the final Form 4626 Instructions for CAMT Final Instructions for 2024 Form 4626, “Alternative Minimum Tax – Corporations” February...
Some countries have a zero de minimis threshold, meaning all imported goods are subject to duties and taxes regardless of their value. Countries with a zero de minimis threshold include Egypt, Nigeria, and Sri Lanka, among others. Country tariff rates ...
Explaining further, the PUCSL chairman said, “Different parties in the electricity industry, including electricity consumers, have made inquiries about how the social security contribution tax will affect the electricity industry. As the electricity tariffs were revised recently, we suggested the Ministry...