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Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
The PUCSL was established by the Public Utilities Commission of Sri Lanka Act, No. 35 of 2002, and has authority for the execution of its duties through this Act, as well as through those established for organizations, agencies and corporations involved in providing public utilities in the country. [3]
Government of Sri Lanka: Headquarters: The Secretariat, Lotus road, Colombo 1 ... Trade, Tariff & Investment Policy Department; Development Finance Department;
The Sri Lanka Electricity Act, No. 36 of 2024 is a landmark legislative act enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka. Certified on 27th June 2024, the Act introduces substantial reforms to the electricity industry in Sri Lanka, aiming to improve efficiency, attract investment, and promote the use of renewable energy sources.
On 25 February 2016, the entire country of Sri Lanka experienced a 3-hour blackout due to a bolt of lightning striking the national power grid. [18] On 13 March 2016, Sri Lanka experienced another 7-hour island-wide blackout due to a damaged transformer in the 220 kV substation at Biyagama.
The Ministry of National Policies and Economic Affairs (Sinhala: ජාතික ප්රතිපත්ති හා ආර්ථික කටයුතු අමාත්යාංශය Jāthika Prathipaththi hā Ārthika Katayuthu Amathyanshaya; Tamil: தேசிய கொள்கைகள் மற்றும் பொருளாதார அலுவல்கள் ...
Democratic Socialist Republic of Sri Lanka: ... is the cabinet ministry of the Government of Sri Lanka responsible for oversight of the country's energy supply via ...
Sri Lanka's savings rate is undermined by government dis-saving (the revenue deficit), which rose from 1.2 to 2.7% in 2019. [127] There are attempts to improve Sri Lanka's "Ease of Doing Business index' (Sri Lanka stood at 111 for 2018 down from 85th in 2014) and the overall tariff structure.