Taxation in Sri Lanaka - Taxation: News & Information

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“Sin Tax” Collections Down in Philippines

Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

“Sin Tax” CollectionIndia Delays Tax Changes

India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

ID Thieves in USA Steal $26 Mil of Refunds

More than 600 000 US taxpayers were victims of identity tax fraud in 2011, and the IRS does not have the capabilities to adequately detect and prevent such offenses.

One Third of Taxes in Australia to Fund Welfare System

Almost AUD 100 from the tax payments made every week by an average Australian will now go directly to funding national welfare programs to subsidies low income families.

US Considers Business Tax Reforms

The Obama administration has proposed a major update of the corporate tax rules in the USA, which would broaden the base for corporate taxes, simplify compliance, reduce the corporate tax rate, and encourage a greater level growth in the country’s manufacturing sector.

Nov 22, 20110

Sri Lanka Sets New Tax Policies

Categories: Taxation in Sri Lanaka

SRI JAYAWARDENAPURA-KOTTE – Sri Lanka will devalue its national currency and implement a series of tax policies changes, with the aim of further developing the country’s position rapidly expanding, export orientated economy. In a speech made by President Mahinda Rajapaksa on November 21st in Sri Jayawardenapura-Kotte announcing the new government budget plan for 2012, a [...]

SRI JAYAWARDENAPURA-KOTTE - Sri Lanka will devalue its national currency and implement a series of tax policies changes, with the aim of further developing the country’s position rapidly expanding, export orientated economy. In a speech made by President Mahinda Rajapaksa on November 21st in Sri Jayawardenapura-Kotte announcing the new government budget plan for 2012, a wealth of new announced a wealth of new taxation measures and fiscal policies aimed at boosting the country’s economic expansion and increasing export levels. While outlining ... Read More