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IMF says new central Government taxes needed
The IMF recommends an imputed rental income tax on owner-occupied and vacant residential properties to boost central government revenue as part of essential tax reforms under the Extended Fund Facility (EFF) program.
2024-08-27
Daily FT
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IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
2024-04-05
The Morning
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IMF says “strong expectation” on Sri Lanka deal with private creditors
Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...
2024-04-05
Economy Next
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Sri Lanka anticipates third IMF EFF installment by June: official
  Sri Lanka is on track to receive the third tranche of the IMF's extended fund facility by June, contingent upon securing consensus from creditors on debt restructuring, as stated by State Minister of Finance Shehan Semas...
2024-04-05
Economy Next
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ADB Sri Lanka Country Partnership Strategy 2024-2028 launched
The Asian Development Bank (ADB) has launched its Sri Lanka Country Partnership Strategy (CPS) 2024-2028, aimed at elevating Sri Lanka's competitiveness. The strategy, led by Takafumi Kadono, the ADB Country Director for Sri Lanka, empha...
2024-04-04
Daily News
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