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By Sanjeewa Jayaweera The headline on page one of the Sunday Island of 07 January 2024 read, “CBSL Governor urges public to become informants to boost tax revenue.” The article was based on an interview with Governor Nandala Weerasinghe (NW) hosted by the President’s Media Centre. NW is quoted to have said, “If the public […]
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
In recent weeks, missile and drone attacks on cargo ships crossing the Red Sea have caused the biggest disruption to global trade since the COVID-19 pandemic. Despite delayed supplies, however, oil prices have remained surprisingly stable. In response to Israel’s war on Gaza, Houthi rebels – the Iran-aligned Shia movement that controls northern Yemen and […]
Regressive government policies and inadequate social protection left many Sri Lankans at risk from the worst effects of the country’s economic crisis, Human Rights Watch said in its World Report 2024. The Government of President Ranil Wickremesinghe continued to repress freedoms of expression and association, and pursue policies that discriminate against minority communities. “Millions of […...
[…]The post Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minorities: HRW appeared first on Colombo Telegraph.
Former President Mahinda Rajapaksa has been accused of busting taxpayers’ money to go partying with a group of Sri Lanka Podujana Peramauna (SLPP) MPs on two dredging vessels of the Sri Lanka Ports Authority. Over 25 MPs and their families, including former President Mahinda Rajapaksa, were seen boarding the vessels to attend the party on […]
[…]The post Israel Versus Palestinians: Thank God For South Africa’s Boldness appeared first on Colombo Telegraph.
Sri Lanka’s Finance Ministry has instructed officials to establish dedicated counters at every Divisional Secretariats for the issuance of Taxpayer Identification Number (TIN) for individuals aged 18 and above.The post Sri Lanka to establish separate counters to issue TIN at divisional secretariats, public places appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Ways & Means: If There Is A Will, There Is A Way appeared first on Colombo Telegraph.
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
Explosives hidden in ‘fly-away-kit’ in cargo hold by Menaka Akshi Fernando “Every May 3, for the past 34 years, like a bunch of anxious surfers, we catch the rising wave of grief, glide on the intensifying emotions for a while and fall back to our senses as the wave of reality breaks. Although words can […]
After the increase in VAT from January 01, 2024, the overall construction expenses have increased by 20%, Chairman of the National Construction Association of Sri Lanka M.D. Paul said.The post Construction expenses in Sri Lanka rise by 20% after VAT hike appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Sri Lanka 2023: Bouquets & Brickbats appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe, issued an Extraordinary Gazette today (January 03) declaring the provision of several services in the country as essential services.The post Sri Lanka President issues gazette declaring several services as essential services appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Shamindra Ferdinando Even after imposing 18 percent Value Added Tax (VAT) on fuel with effect from January 1, the government continued to charge Rs 50 on a litre of both petrol and diesel purportedly to recover losses incurred by the highly corrupt state owned Ceylon Petroleum Corporation (CPC
President Ranil Wickremesinghe today defended the revision of the Value Added Tax (VAT) which has already resulted in an increase in the price of gas and fuel. The President said that the Government’s commitment to a comprehensive program aimed at strengthening the country’s economy remains
Gas and fuel prices have been increased in Sri Lanka with effect from today, 1st January. Litro said that the price of a 12.5 kg domestic gas cylinder has been increased by Rs. 685, the price of a 05 kg cylinder has been increased by Rs. 276 and the price of a 2.3 kg cylinder […]
Fuel prices in Sri Lanka have been revised with effect from midnight on December 31, 2023.The post Sri Lanka revises fuel prices from December 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s inflation rose to 4.0 percent in December, the third consecutive monthly rise as the cash-strapped nation was set to increase taxes from the New Year.The benchmark Colombo Consumer Price Index jumped by 1.7 points to reach 195.1, or a 4.0 percent increase compared to a year ago when inflation was 57.2 percent. The […]
Fuel demand in Sri Lanka has decreased by 50% during the current Christmas season compared to 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (December 28).The post Sri Lanka’s Fuel demand decreased by 50% in 2023 compared to 2022 appeared
Education of about 54.9 percent of Sri Lankan students has been affected by the economic crisis since March 2022, the latest Household Survey on Impact of Economic Crisis – 2023 by the Department of Census and Statistics reveals. Out of the respondents surveyed 93.5 percent have adopted at least one strategy to counter the impact […]
The demand for fuel during the current Christmas season had decreased by 50% compared to that in 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (28). The number of vehicles arriving at gas stations had dropped, and the amount of fuel dispensed
Fuel and Gas will be exempted from the Port and Airport Levy when imposing the Value Added Tax (VAT) from January 01, 2024, Tax Advisor of the Ministry of Finance, Thanuja Perera said today (December 28).The post Sri Lanka to remove 7.5% Port and Airport tax from Fuel & Gas but add 18% VAT
The Ceylon Petroleum Corporation (CEYPETCO), Lanka Indian Oil Corporation (LIOC) and Sinopec Energy Lanka have been directed to maintain 50% of their relevant fuel stocks, at minimum, at all filling stations.
The Inland Revenue Department yesterday (21) issued the list of goods and services that would be exempted from the enhanced Value Added Tax (VAT) regime that comes into effect from 01 January 2024. The list of items included Wheat and wheat flour; infant milk powder; Pharmaceutical Products and Drugs (other than cosmetics) whose end use […]
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
[…]The post Sri Lankan Media Miserably Failed To Cover Israeli Genocide In Gaza appeared first on Colombo Telegraph.
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post A Politics Of Conscience appeared first on Colombo Telegraph.