- Last Update 2024-07-04 01:42:00
CBSL says no taxes on expatriate remittances
The Central Bank of Sri Lanka has countered a disinformation campaign that it would be imposing taxes on inward remittance from expatriates.
The CBSL also denied that it would forcibly convert their remittances into Sri Lankan rupees.
“There are no taxes on remittances and expatriated Sri Lankans are free to hold such remittances in foreign currency form in their bank accounts or convert such remittances into Sri Lankan rupees at their discretion,” the Central Bank said in an advertisement placed in Sunday newspapers and tweeted.
CBSL said that expatriate Sri Lankans continue to enjoy the current incentives without any change whatsoever.
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- June 29, 2024 - 907 - 0
Israeli Tourist found safe after three-day search in Trincomalee
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
- June 28, 2024 - 327 - 0
Former MP Hirunika Premachandra sentenced to three years RI
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
- June 26, 2024 - 193 - 0
All bilateral loans postponed until 2028; President
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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