Search results
Results from the WOW.Com Content Network
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.
Short-term gains from bonds held for less than a year are taxed at your ordinary income tax rate, while long-term gains from bonds held for more than a year are taxed at a lower rate, typically ...
The Sri Lankan economic crisis [8] is an ongoing crisis 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]
Bank of Ceylon; Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank
COLOMBO (Reuters) -Sri Lanka is asking international bond holders to take a 30% haircut and is seeking similar concessions from investors in its domestic dollar-denominated notes as it seeks to ...
Bonds purchased before May earn an annualized yield of 6.89% for six months. That’s still the fifth-highest rate since the bond’s introduction in 1998, according to Treasury data.
The Board of Investment of Sri Lanka (BoI) (Sinhala: ශ්රී ලංකා ආයෝජන මණ්ඩලය Shri Lanka Ayojana Mandalaya) is the investment promotion agency of Sri Lanka. It was established in 1992, expanding the scope of the Greater Colombo Economic Commission (GCEC) which was formed in 1978. [ 2 ]
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...