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Local News

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

May 4, 2026 at 9:28 AM

Deputy Minister Nishantha Jayaweera clarifies that the shift to a 20.5% VAT for financial institutions starting July 1, 2026, is a consolidation of existing 18% VAT and 2.5% SSCL, rather than a tax hike, aimed at simplifying administrative processes.

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Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Credit : ft.lk
Finance

Strategic Tax Planning: How High-Net-Worth Individuals Are Preparing for 2026.

Following recent legislative shifts in the US tax code, wealthy investors are pivoting their strategies from estate tax mitigation to aggressive income and capital gains management. Key tactics include long-short tax-loss harvesting and leveraging bonus depreciation.

April 16, 2026 at 1:03 PM
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Economy
Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?
Image Source : businessinsider.com

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

April 16, 2026 at 12:59 PM
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Business
Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse
Image Source : discoveryalert.com.au

Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse.

April 16, 2026 at 8:24 AM
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Tax Refund Discrepancies: Why Higher Average Payouts Aren't Resonating with Americans
Image Source : apnews.com
United States•
April 15, 2026 at 9:10 PM

Tax Refund Discrepancies: Why Higher Average Payouts Aren't Resonating with Americans.

While official data shows an increase in average tax refunds under the new tax law, many Americans report feeling little impact due to broader economic pressures like rising fuel prices and job market uncertainty.

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Local News

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

April 10, 2026 at 8:07 AM

The Inland Revenue Department of Sri Lanka has posted a robust start to 2026, collecting over Rs. 606 billion in tax revenue, a 17.7% year-on-year increase, signaling strong economic momentum and improved compliance.

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Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Credit : onlanka.com
Technology
The Tax Uncertainty Looming Over Prediction Market Profits
Image Source : defirate.com

The Tax Uncertainty Looming Over Prediction Market Profits.

April 7, 2026 at 9:07 AM
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Local News
Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget
Image Source : unb.com.bd

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

April 7, 2026 at 1:16 AM
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Local News
Persistent Tax Burdens Dominate Sri Lankan Business Sentiment
Image Source : abc11.com

Persistent Tax Burdens Dominate Sri Lankan Business Sentiment.

April 3, 2026 at 5:04 AM
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