Sri Lanka Planning To Cut VAT From 2015
The Government has announced a reduction in VAT in 2015 from 12% to 11%. The proposed reduction came as part of a range of political give a ways ahead of next year’s
See MoreSri Lanka: Govt. Imposes Land Transaction Tax On Foreigners
Foreigners will only be able to purchase land in Sri Lanka through long lease agreements and purchases will be subject to payment of a land lease tax (LLT), under the Land (Restrictions on Alienation) Act. According to current regulations which have
See MoreSri Lanka: Government Intends to Reduce Tax In “2015 Budget”
Sri Lanka's President, Mahinda Rajapaksa, in his additional role as the Minister of Finance and Planning, presented Sri Lanka's 2015 Budget on October 24, 2014. The Government plans to to stimulate the country's further economic development through
See MoreSri Lanka: Central Bank sets out FATCA compliance
The Central Bank of Sri Lanka set out measures to relax the foreign exchange control rules. The government of Sri Lanka has not entered into an intergovernmental agreement with the United States. Sri Lankan banks have been directed to comply with
See MoreUkraine: Cabinet Authorizes Signing of Double Tax Agreement with Sri Lanka
Ukraine’s Cabinet of Ministers approved on 18 September 2013 the signing of a draft agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital with Sri Lanka. They have authorized
See MoreSri Lanka and India will soon sign a DTA
Sri Lanka and India will soon sign a double taxation agreement (DTA), an official from the Sri Lanka government said on July 12, 2012, following approval of a draft agreement by Sri Lanka's
See More