Tax compliance News

Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments.

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

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

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

Official Investigation Underway Following Fire Incident at Kalutara Inland Revenue Office.

Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?.

Sri Lanka Approves Tax Exemptions for New Telecommunication Towers to Boost Connectivity.

Sri Lanka Cabinet Greenlights Critical VAT and Finance Act Reforms.

The Tax Uncertainty Looming Over Prediction Market Profits.

Local Manufacturers Sound Alarm Over Proposed Cess Tax Phase-Out.

Industry leaders in Sri Lanka are urging the government to reconsider its plan to phase out the Cess tax on over 2,600 imports, warning that local small and medium enterprises lack the economies of scale to compete globally without this protection.

Moving Beyond Tax Breaks: The Structural Hurdles Blocking Sri Lanka’s Investment Goals.

Parliamentary Committee Rejects Proposed Strategic Investment Tax Incentives.

The Committee on Public Finance (COPF) has halted a new gazette aimed at regulating Strategic Development Projects (SDP) tax incentives, citing flawed criteria and unfair biases against manufacturing.