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Tax abatement News

Latest conceptually matching events and reports for Tax abatement.

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Local News

Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors.

May 17, 2026 at 12:06 AM

Sri Lanka’s proposed Inland Revenue (Amendment) Bill has ignited debate among legal experts and tax professionals over a provision that could turn minor administrative tax failures into criminal offenses, potentially bypassing traditional requirements for proof of fraudulent intent.

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Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors
Image Credit : ft.lk
Technology
Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant
Image Source : tnonline.com

Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant.

May 11, 2026 at 11:13 AM
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Local News
Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

May 4, 2026 at 9:28 AM
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Local News
Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Source : onlanka.com

Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026.

April 10, 2026 at 8:07 AM
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Sri Lanka Cabinet Greenlights Critical VAT and Finance Act Reforms
Image Source : newswire.lk
Local News•
April 7, 2026 at 8:21 PM

Sri Lanka Cabinet Greenlights Critical VAT and Finance Act Reforms.

The Sri Lankan Cabinet has approved amendments to the Value Added Tax Act and the Finance Act, aligning with the 2025 and 2026 economic policy frameworks, while simultaneously introducing relief measures to combat energy price hikes.

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Local News

Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget.

April 7, 2026 at 1:16 AM

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) has proposed a series of tax reforms to the National Board of Revenue to improve transparency, reduce the effective tax burden, and foster an investor-friendly environment as Bangladesh nears LDC graduation.

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Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget
Image Credit : unb.com.bd