Tax Archives - Colombo News Line

Sri Lanka Faces Billion-Rupee Tax Revenue Losses

CNL Reporter
December 12, 2025
News
Sri Lanka, Tax
0 Comments

Sri Lanka’s tax exemptions have surged, undermining fiscal stability and limiting the impact of economic reforms.

Sri Lanka Faces Pressure to Digitise Land Data for 2027 Tax

CNL Reporter
November 26, 2025
News
Sri Lanka, Tax
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Sri Lanka must complete a nationwide digital property database before introducing its new property tax in 2027, Treasury Secretary Dr. Harshana Suriyapperuma said.

President Targets Top 200 Tax Evaders in Revenue Drive

CNL Reporter
August 8, 2025
Political
Tax
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Sri Lanka’s campaign against tax evasion is intensifying, with President Anura Kumara Dissanayake telling Parliament that he holds a list of 200 major tax defaulters owing between Rs. 100–150 billion.

PIN Validity period for submission of tax returns for 2024/2025 extended

CNL Reporter
August 4, 2025
Political
Tax
0 Comments

The validity of the Personal Identification Number (PIN) issued by the Inland Revenue Department for the submission of income tax returns for the year of assessment 2024/2025 has been extended.

Sri Lanka’s tax revenue surpassed Rs 1.7 trillion by end of May

CNL Reporter
June 4, 2025
News
Tax
0 Comments

Sri Lanka’s tax revenue collection has surpassed Rs 1.7 trillion by end of May as the revenue collection agencies have

New tax regulations take effect from today

CNL Reporter
April 1, 2025
News
Tax
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The Inland Revenue Department has announced that individuals earning less than Rs. 1.8 million annually can now claim relief on the advance income tax (AIT) charged on interest or discounts from deposits.

Tax fears likely fueling Sri Lanka’s cash surge, hindering digital shift

CNL Reporter
March 6, 2025
News
Tax
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The fear of taxation may be contributing to the recent increase in cash circulation, highlighting Sri Lanka’s long journey towards a less cash-dependent society.