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However the new amendments which were published on 19 December 2022 have increased the PAYE tax rates significantly and reduced the annual personal income reliefs to 12 million rupees. [ 13 ] VAT
The Gazette is published in Sinhalese, Tamil, and English which are the three official languages of Sri Lanka. It publishes promulgated bills, presidential decrees, governmental ordinances, major legal acts as well as vacancies, government exams, requests for tender, changes of names, company registrations and deregistrations, land restitution notices, liquor licence applications, transport ...
2022 Sri Lankan protests: Rajapaksa loyalists stage a violent assault against anti-government protesters at the GotaGoGama protest site. A total of six people are rushed to the Wathupitiwala Base Hospital following a shooting incident in the area of Nittambuwa and a 27-year-old from Hapitigama in Kal-Eliya later died from gunshot wounds. [87]
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
1 January – The "Clean Sri Lanka" national initiative commences under the patronage of President Anura Kumara Dissanayake. [1]16 January – The government announces an agreement with Chinese state oil company Sinopec valued at $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Hambantota.
The Sri Lankan government under President Gotabaya transferred the administration of non-protected forests, known as "other state forests" (OSF), to regional authorities, in a controversial circular, [117] [118] with a view to releasing them for agriculture and development. The move was claimed to be a part of government efforts to boost ...
[45] [46] By February 2022, the country had only $2.31 billion left in its reserves to repay around $4 billion of debt, including a $1 billion maturing international sovereign bond (ISB) in July. [47] According to official data released by the Sri Lankan government, ISBs accounted for almost half of the country's external debt by the end of ...
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...