The Budget 2022 proposes to impose a one-off 25 percent surcharge tax on individuals or companies earning taxable income more than Rs.2,000 million for the assessment year 2020/2021. The Attorney General’s clearance has been received for the Surcharge Tax Bill pre...

Sri Lanka’s consumer prices hit a 13-year high in January, as the country continues to grapple with import restrictions, foreign exchange shortages and failed harvests. 

Sri Lanka is negotiating a USD 200 million credit line from Pakistan to import rice, cement and medicinal drugs, Trade Minister Bandula Gunawardana said

Sri Lanka has recorded an export revenue of US$ 15.12 billion for 2021, according to Trade Minister Dr. Bandula Gunawardena. This is an increase of 23 per cent compared to the previous year (2020), when the export revenue was reported to be...