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Cabinet approves amendment to Finance Act on telecom tower levy ...
The Cabinet has approved amendments to the Finance Act No. 35 of 2018 concerning the levy imposed on telecommunication towers. ..
Value Added Tax (Amendment) Bill to be Gazetted - The Island
Share Tweet The cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to publish the Value Added Tax (Amendment) Bill in the Government Gazette and thereafter submit it for the concurrence of the Parliament. Continue Reading Latest News Cabinet approves relief meaures to persons affected due to the War situation in the Middle East Published 6 hours agoon 2026/04/7 Approval has been granted at the Cabinet Meeting held on 30-03-2026 to provide relief by granting up to rupees 20/- per litre of 92 Octane Petrol, and up to rupees 100/- per litre of Auto Diesel utilized for public transport to minimize the impact on the day today life of the people and the entire economy as a result of escalation of fuel prices due to the war situation in the Middle East region. Apart from that, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to grant the following relief for low – income generators, electricity consumers, farmers, fisheries community, and small tea planters who have been exposed to the direct impact of the energy price hike: (i) Provision of an additional special allowance for April 2026 to low-income generating categories registered under the ‘Aswesuma’ Programme, irrespective of family size: • Providing rupees 7,500/- to a family in the extremely poor category Providing rupees 5,000/- to a family in the poor category Providing rupees 2,500/- to a family in the transitional category (ii) Instead of transferring the additional cost borne for engaging thermal power plants for generating electricity due to the fuel price hike and prevailing dry weather circumstances to the electricity consumers, the additional cost is to be borne by the Government for a period of 03 months so that a relief can be provided to the electricity consumers utilizing below 90 units. (iii) Increasing the fertilizer subsidiary of rupees 25,000/- per hectare given at present up to rupees 30,000/- per hectare for the Yala season and increasing the fertilizer subsidiary of rupees 15,000/- per hectare given for additional crops that are cultivated in the paddy fields up to rupees 18,000/- per hectare for the Yala season. (iv) Provide a 50 kg sack of Urea required for the Yala season at a fixed price of Rupees 10,200/- for farmers through Agrarian Services Centres. (v) Provide a subsi...
Telecommunications Regulatory Commission - TRC
TRCSL staff donate to "Rebuilding Sri Lanka" Fund... 05 01 2026 - 04:30 AM
Lanka Tax Club - Latest Tax News and Updates
By Lanka Tax Club Editorial Team The Inland Revenue Department (IRD) has issued a significant notice regarding the Betting and Gaming industry, announcing immediate changes to levies effective from January 01, 2026. Following the amendments made to the Betting & Gaming Levy Act, No. 40 of 1988 by the Betting and Gaming Levy (Amendment) Act…
