When Taiwan came under KMT rule after communist rule started in China, there were severe balance of payments troubles, and ...

A group of economists have urged Sri Lanka to remove barriers to exports especially tariffs and para tariffs, which have hurt ...

Sri Lanka is ready to engage with the United States in strengthening trade relations, the island nation said on Friday, committing to substantially reduce tariff and non-tariff barriers that hinder ...

He also slashed state subsidies for energy usage while cutting away some of the many tax exemptions in the system. These were effectively requirements for Sri Lanka to receive a $3bn loan from the ...

The Inland Revenue Department has issued a special announcement outlining several key changes to the Value Added Tax (VAT) structure. Effective April 11, VAT has been removed on locally produced ...

The government expects to hold diplomatic level discussions with the United States to consider the possibility of reducing the new reciprocal tariff system introduced by US President Donald Trump and ...

Sri Lanka’s new government will be restricted in how much it can spend for at least the next two years, the prime minister said, as it looks to balance campaign pledges to unwind tax increases ...

The Narendra Modi visit and what it means for the Sri Lankan garment sector A 44% Trump tariff Could seriously impact Sri ...

it was possible for the government to provide some relief to the people of Sri Lanka under the program and in a way that preserved the government’s ability to provide other essential services. The ...

By prioritizing transparency, the Sri Lankan government aims to rebuild trust with international lenders and investors, a ...

The industry supplies low-cost clothing to the United States, and is a crucial part of the Asian countries’ economies.

Sri Lanka is attempting to sustain economic growth ... including its top export garments, tax free to the EU. In 2017, Parliament passed a new Inland Revenue Act in an effort to increase tax ...