News

Dy. Minister clarifies 15% tax on service exports (Video)

Published

4 months ago

February 26, 2025

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Following the heavy criticism on the imposition of the 15% tax on service exports, Deputy Minister of Economic Development – Prof. Anil Jayantha Fernando has issued a clarification.

Making a special statement, the deputy minister said that while ordinary citizens in Sri Lanka are liable to a maximum of 36% income tax, digital service export providers will be taxed only upto a maximum of 15%.

Noting that digital service providers will be exempted from income tax for the first Rs. 150,000, he said that only 6% will be charged for the next Rs. 85,000, and any other income will be subjected to a maximum of 15% tax.

He also says that no tax will be imposed if digital service export providers were taxed 15% (or more) from the foreign country. However, if they have been taxed less than the 15%, only the balance of the 15% will be charged in Sri Lanka under the double tax relief policy.

The statement of the Deputy Minister is as follows :

Related News :

Sajith & Dilith slam 15% Services Export Tax

News

Special traffic plan in Borella today

Published

35 minutes ago

July 7, 2025

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Police have announced a special traffic plan that will be implemented in Borella today (July 07) due to an event marking the 50th Golden Jubilee celebration of the Priesthood of His Eminence Cardinal Malcolm Ranjith.

The event is expected to draw a large number of invited guests, including religious dignitaries, government officials, and members of the clergy.

To ease congestion, heavy vehicles will be restricted from entering the stretch between Kynsey Road junction and Nandadasa Kodagoda junction on Ward Place between 3.00 pm – 9.00 pm within the Borella Police Division.

Police have requested motorists to use alternate routes during this time.

News

Veteran civil servant Bradman Weerakoon bids adieu

Published

54 minutes ago

July 7, 2025

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Senior civil servant and distinguished public administrator Bradman Weerakoon has passed away at the age of 94.

Mr. Weerakoon was educated at Holy Cross College, Kalutara, and St. Thomas’ College, Gurutalawa, before entering the University of Peradeniya, where he graduated with honours in Economics and Sociology.

He later earned a Master’s Degree (MA) in Sociology from the University of Michigan, USA, on a Fulbright Scholarship.

He joined the Ceylon Civil Service in 1954 and served in various parts of the country before becoming secretary to the then Prime Minister – Sir John Kotelawala.

Over an extraordinary career, he went on to serve as Secretary to all elected Prime Ministers and Presidents until 2002, working under 07 Prime Ministers and 03 Presidents – an unparalleled contribution to Sri Lanka’s public administration.

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Train schedules on Northern line revised

Published

1 hour ago

July 7, 2025

editor

The Department of Railways has announced amendments to train schedules on the Northern Line in response to public requests.

Due to high demand, the Intercity Express train, which previously operated only on weekends, will now run daily between Mt. Lavinia and Kankesanthurai starting today (July 07).

In addition, the departure time of the “Yaal Devi” train plying daily from Colombo Fort to Kankesanthurai has been revised from 5.45 am to 6.40 am.

The Department has advised passengers who made advance seat reservations for the “Yaal Devi” train a month ago, to note the new departure time.