News

Betting & gambling taxes to be increased

Published

2 years ago

April 18, 2023

editor

The draft bill to increase betting and gambling taxes has been gazetted.

According to the gazette issued by President Ranil Wickremesinghe as the Minister of Finance, the US$ 50 fee charged from a Sri Lankan to enter a gambling centre has been increased to US$ 100.

Meanwhile, each individual operating a betting centre must register the establishment with the Inland Revenue Department within one month from the date of commencement.

It has also been proposed to revise the amount of betting and gambling tax to be paid annually. The annual tax charged from betting centres has been increased to 5 million rupees starting from April 1.

In case of using live television broadcasting facilities, the amount of tax that is being charged has been increased to one million rupees from Rs. 600,000.

News

Vote on Account for first four months of 2025 passed in Parliament

Published

8 hours ago

December 7, 2024

editor

The resolution for the Vote on Account, ensuring government operations and debt servicing for the initial four months of 2025, was passed in Parliament yesterday (6) without a vote.

The debate on the resolution, initially presented on 3 December, spanned two days.

News

US delegation discusses economic and governance reforms with foreign minister

Published

8 hours ago

December 7, 2024

editor

A U.S. delegation led by Assistant Secretary Donald Lu met with Foreign Minister Vijitha Herath to congratulate Sri Lanka’s new administration. Discussions focused on shared priorities, including economic and governance reforms, with plans for tailored programs, capacity-building, and technical assistance to benefit the Sri Lankan people.

News

CAA seizes bottled water stock in Hemmatagama over violations

Published

1 day ago

December 6, 2024

editor

The Consumer Affairs Authority (CAA) raided a factory in Hemmatagama, Mawanella, seizing over 3,000 bottles of drinking water prepared for distribution.

Investigations revealed that the factory’s Health Ministry registration certificate had expired and was obtained using false information. The seized stock included bottles of varying sizes from 500 ml to 19 liters.

The CAA emphasized that falsely claiming standards or endorsements violates the CAA Act, and legal action will be taken against the violators. Regular raids are conducted to prevent consumer deception.