Author: lbostgadmin

July 21 (LBO) – The government is planning to amend a controversial levy on imported television programs and commercials, with concessions for English programming, a senior official said. There will be concessionary amendments to the new levy. The proposed amendments have to be approved by President Mahinda Rajapakse, R T L Weerasinghe, Senior Tax Advisor […]

July 20 (LBO) – The British High Commission Thursday warned Sri Lankans of being duped by lottery scams, especially if asked for money or personal bank details to claim winnings. The British High Commission says it gets letters from many Sri Lankans who have received authentic looking letters claiming they have won prizes in UK […]

July 20, 2006 (LBO) – Sri Lanka’s media minister Thursday indicated that his ministry has not been consulted before a controversial tax on television stations airing foreign content, was implemented. “It is a decision under the Finance Act. We are just the implementing authority,” minister Anura Priyadharshana Yapa told reporters. From July 16, all television […]

July 20, 2006 (LBO) – Top multinationals like Unilever have pulled out imported advertising on local television stations, after all foreign commercials were slapped with a one million rupee tax. With effect from July, all broadcasts of foreign television commercials are taxed at one million rupees a year, per ad, per language of broadcast and […]

July 20, 2006 (LBO) – Sri Lanka™s treasury secretary is to give a ruling on Friday over the controversial tax slapped on television stations airing English content, following a meeting with broadcasters late Thursday. The tax, which also applies to Hindi language content, largely affects English language viewers who account for around 5-percent of total […]