According to the State Minister of Finance Ranjith Siyambalapitiya, a new Property Tax is expected to be implemented starting in 2025.
In light of this, efforts have been made to execute the applicable tax in 2025 in line with the International Monetary Fund (IMF) guidelines, he said.
That said, State Minister Siyambalapitiya clarified that those who hold substantial amounts of property are expected to pay the new Property Tax.
Sri Lanka’s apparel industry has expressed concern over the Reciprocal Tariff policy announced by the U.S government today saying the new tariffs could significantly disrupt the country’s largest export sector and put thousands of jobs at risk.
The Police Bureau for the Prevention of Abuse of Children and Women had arrested a suspect who had allegedly distributed child related pornographic images and videos via social media platforms.
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