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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.

9 sources

Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors

Image Credit : ft.lk

Local News

Image Source : ft.lk

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

May 4, 2026 at 9:28 AM

22 sources

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

10 sources

Business

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

9 sources

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.

6 sources