By S. Rubatheesan and Damith Wickremasekara
With the government’s proposal to reduce the registration threshold of the Value Added Tax and the Social Security Contribution Levy, some 25,000 to 30,000 new tax files are expected to be opened, targeting revenue of over Rs 150 billion.
The 2026 budget has proposed that the annual thresholds of the Value Added Tax (VAT) and the Social Security Contribution Levy (SSCL) be reduced from Rs 60 million to Rs 36 million.
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The Colombo–Kandy main road at Pahala Kadugannawa has been closed indefinitely after a deadly rockfall in the area that left six people dead and four others injured.
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The Cyclonic Storm “Ditwah” moved further north from Trincomalee today evening leaving a trail of destruction including more than 90 deaths, over 100 missing and tens of thousands displaced, officials said.
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