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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, in his capacity as Minister of Finance, presented his second Budget Speech in the Parliament today (Nov. 7). MORE..

7 Nov 2025 (7:23 PM)

The debate on the Second Reading of the Appropriation Bill for the year 2026 is scheduled to commence today (08) and will continue for six days, until November 14. MORE..

8 Nov 2025 (9:30 AM)

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 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)