• Mon. Aug 8th, 2022

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  • 25% one-time income tax on 62 individuals and companies with over Rs. 2 billion turnover proposed in the budget 2022

25% one-time income tax on 62 individuals and companies with over Rs. 2 billion turnover proposed in the budget 2022

Sri Lanka’s Government proposed to impose a one-time surcharge tax of 25 percent on 62 individuals and companies with an annual turnover of more than Rs. 2 billion in the…

Sri Lanka’s rising food prices belies deeper economic issues

By Dushni Weerakoon Sri Lanka recently passed emergency regulations to deal with food shortages and price increases. Such powers are typically invoked to address public security concerns. But in this instance, they…