- Last Update 2025-06-09 18:50:00
Tax hike on fuel and cooking gas removed in 18 per cent VAT increase
The 7.5 per cent Port and Airport Levy for fuel and 2.5 per cent for Liquid Petroleum (LP) gas will be removed when the 18 per cent Value Added Tax (VAT) comes into effect from January 1 next year, the Ministry of Finance said.
The estimated revenue from increasing the VAT to 18 per cent from 15 per cent will be in the region of Rs. 227 billion while an additional sum of Rs. 40 billion is to be collected by bringing the VAT threshold to Rs. 60 million from Rs. 80 million, Finance Ministry’s revenue estimates shows.
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- May 31, 2025 - 497 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 465 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 372 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- June 3, 2025 - 213 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
- June 6, 2025 - 213 - 0
SriLankan flight grounded in Indonesia
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
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