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IRD introduces tax relief for small savers with new self-declaration system

Sri Lanka, April 1 -- IRD introduces self-declaration for AIT exemption on interest for earners below Rs.1.8mn annually AIT rate on interest, discounts and Islamic financial income reduced from 14% ... Read More


VAT to drive one-third of govt.'s Rs.922bn revenue increase in 2025

Sri Lanka, April 1 -- Nearly one-third of a Rs.922 billion rise in the government's revenue projection for 2025 is expected to be driven by the value added tax (VAT), an analysis conducted by local an... Read More


Sri Lanka emphasises equitisation to reform SOEs and bolster capital markets

Sri Lanka, April 1 -- The government is prioritising equitisation as a key strategy to enhance the governance of state-owned enterprises (SOEs) and inject liquidity into the capital market, instead of... Read More


MAS supports Sri Lankan athletes ahead of Asian Under-18 Athletics meet

Colombo, April 1 -- The MAS Athlete Training Academy, an initiative of MAS Holdings, has provided sports gear and per diem sponsorships to promising athletes and coaches set to compete at the Asian Un... Read More


Picnic turns tragic as girl drowns, teacher rescued at Nayaru Beach

Colombo, April 1 -- A 19-year-old girl drowned and two others, including a teacher, were hospitalized yesterday (March 31) after they swept away by the waves while bathing at the Nayaru Beach in Kokki... Read More


Four vehicles crash and pileup at Gelanigama on Expressway

Colombo, April 1 -- Four vehicles traveling towards Colombo from Matara on the E01 crashed and piled up at the 25.5-mile post near the Gelanigama Interchange on the Southern Expressway this morning, t... Read More


Security boosted in Colombo for festive season

Colombo, April 1 -- Police said that security will be heightened in Colombo during the upcoming festive season. Around 6,000 police personnel will be deployed for this. In addition to the police, p... Read More


Three Bangladesh nationals arrested with fake Greek visas

Colombo, April 1 -- Three Bangladesh nationals were arrested at the Bandaranaike International Airport (BIA) for attempting to tavel to Greece with forged Greek resident visas. The women aged 22, 23 ... Read More


Burst Petronas gas pipe sparks colossal fire in Malaysian suburb

Sri Lanka, April 1 -- A colossal fire erupted Tuesday in a Malaysian suburb outside Kuala Lumpur due to a burst gas pipeline, prompting evacuations of nearby homes. The towering inferno near a gas st... Read More


100mm showers expected in coming days

Colombo, April 1 -- The atmospheric conditions are becoming favourable for afternoon thundershowers, with rainfall of about 100mm expected in most parts of the island over the next few days, the Forec... Read More