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James Watson, a renowned molecular biologist and one of the Nobel Prize winners for discovering the structure of DNA, died Thursday after a brief illness, according to a statement from his former employer. MORE..

8 Nov 2025 (8:44 AM)

The government has proposed to remove the Special Commodity Levy on imported coconut oil and palm oil and implement the general tax structure including Value Added Tax. MORE..

7 Nov 2025 (6:53 PM)

President Anura Kumara Dissanayake, presenting the 2026 Budget, announced plans to strengthen the public transportation sector by adding 600 buses to the long-distance service fleet operated by the Sri Lanka Transport Board (SLTB). MORE..

7 Nov 2025 (7:05 PM)

The government has proposed to allocate Rs. 2,000 million to establish a new office complex for the Department of Inland Revenue after selecting a suitable location among the proposed sites and conducting a feasibility study. MORE..

7 Nov 2025 (7:20 PM)

The government has decided to reduce the annual turnover threshold for the registration of Value Added Tax and Social Security Contribution Levy from Rs. 60 million to Rs. 36 million. MORE..

7 Nov 2025 (7:00 PM)

The government has proposed to charge the social security contribution levy at the time of import or manufacture and sale of vehicles, and exempt it tax at the time of after-sales. MORE..

7 Nov 2025 (7:08 PM)