COLOMBO (Reuters) -Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion ...

Erroneous tax policies adopted by successive Sri Lankan governments over the years led to the island nation’s economic collapse in 2022, says a report by a New York-based non-profit group. Of the ...

Sri Lanka's vehicle registrations increased to 55,000 in January, driven by a surge in Indian imports. Two-wheelers led ...

Sri Lanka is set to end tax breaks for the Port City Colombo project being implemented by a Chinese state-run firm as part of commitments under an International Monetary Fund (IMF) bailout package, a ...

After setting tax collection records in 2025 without administrative reforms, the Finance Ministry this week announced the ...

A man watches a live broadcast of Sri Lanka's President Anura Kumara Dissanayake presenting the 2025 budget to parliament - Copyright AFP Ishara S. KODIKARA A man ...

COLOMBO, April 2 (Reuters) - Sri Lanka has hiked taxes on vehicles, cigarettes and alcohol to boost revenue and discourage imports as it fights a record trade gap, pressure on the rupee and awaits an ...

COLOMBO, Oct 19 (Reuters) - Sri Lanka aims to nearly double its tax revenue to around 15% of gross domestic product by 2026 from 8.5% now, President Ranil Wickremesinghe said on Wednesday, as his ...

Sri Lanka is banking on vehicle import taxes to boost revenue and revive the island nation's battered economy, leftist President Anura Kumara Dissanayake's maiden budget showed on Monday. Vehicle ...