Sri Lanka Automotive Component Manufacturers welcome budget proposals
Nov 19, 2020 (LBO) – The Sri Lanka Automotive Component Manufacturers’ Association has welcomed the 2021 Budget describing it as a ‘new era for local …
Budget
Ceylon Chamber welcomes growth oriented National Budget 2021
The Ceylon Chamber of Commerce welcomes the proposals put forward by the Prime Minister in the National Budget 2021 which are business friendly, production …
Budget Review 2021 by First Capital Research
Nov 18, 2020 (LBO) – The Budget for 2021 is focused on supporting the economy amidst massive disruptions to business activity due to lockdowns resulting from …
8-pct VAT to be maintained for certain businesses; tax amendments proposed
Nov 17, 2020 (LBO) – Budget 2021 has proposed to have a consistent tax policy for the next 5 years. It is also proposed to establish a special tax appeals …
Budget 2021: Download Full Budget Speech
Budget Speech 2021: DOWNLOAD Fiscal Management Report 2020–21:
Sri Lanka Budget 2021 – LIVE Coverage
Nov 17, 2020 (LBO) – The Prime Minister and Minister of Finance Mahinda Rajapaksa presented the Budget for the Year 2021 to Parliament today. Budget Speech …
Budget speech 2021 to be presented today
Nov 17, 2020 (LBO) – The Prime Minister and Minister of Finance Mahinda Rajapaksa will present the second reading of the Appropriation Bill for service …
Sri Lanka can manage current debt obligations without IMF help, says Cabraal
Nov 12, 2020 (LBO) – Sri Lanka can manage the current debt obligations without seeking the help of the International Monetary Fund (IMF), State Minister of …
Finance Minister proposes to increase borrowing limit in Appropriation Bill by Rs.180bn
Nov 12, 2020 (LBO) – Sri Lanka’s Finance Minister Mahinda Rajapaksa on Thursday proposed to increase the borrowing limit stated in the Appropriation Bill …
State Minister Nivard Cabraal to deliver keynote at CA Sri Lanka’s Budget Webinar next week
Nov 10, 2020 (LBO) – The Annual Budget Seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held on Thursday, 19th …
Central Bank denies media reports on macroeconomic projection updates
Jul 31, 2020 (LBO) – Sri Lanka’s Central Bank on Friday categorically stated that media reports about the CBSL projecting a sizable contraction in GDP …
Sri Lanka’s budget transparency: improving but still behind international standards
Jun 05, 2020 (LBO) – The Open Budget Survey (OBS) scores countries on the openness of their budget process and is the world’s only independent assessment …
Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission
Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country’s primary deficit could widen further to 1.9 percent of GDP in …
Tax changes included in proposed Inland Revenue Amendment Bill
Jan 22, 2020 (LBO) – Sri Lanka’s Finance Ministry announced the list of tax changes introduced in the proposed Inland Revenue Amendment Bill which is to be …
IRD issues circular to banks about new Withholding Tax structure
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new Withholding …
Fitch revises Outlook on Sri Lanka to Negative; affirms at ‘B’
Dec 19, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from …
Sri Lanka tax cuts to shave off Rs560bn govt. revenue in 2020: Asia Securities
Dec 10, 2019 (LBO) – Sri Lanka’s recently announced tax cuts will likely shave off 560 billion rupees from government income in 2020, launching its equity …
Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role …
Finance Ministry outlines intention behind Sri Lanka’s new tax regime
Dec 02, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the recent tax reforms constitute a much-needed transformation in the country’s tax system to …