Taxation policy News
Latest conceptually matching events and reports for Taxation policy.
Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda.
Parliament resumes its sessions from May 19 to 22, prioritizing the Inland Revenue (Amendment) Bill and the Central Bank's 2025 Economic Review, alongside debates on import-export controls.
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Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.
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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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.
Sri Lanka Approves Tax Exemptions for New Telecommunication Towers to Boost Connectivity.
The Cabinet of Ministers has approved amendments to the Finance Act No. 35 of 2018 to exempt newly constructed telecommunication towers from the annual tax for a five-year period starting January 1, 2026.
