tax Archives - Lanka Business News

December 10, 2024

Submits proposal for inclusion in first budget of new NPP government Colombo, Tuesday 10th December 2024: Sri Lanka’s book industry has renewed its call for books to be exempt from tax, with four industry bodies submitting a proposal to the new government for inclusion in the next national budget Urging the government to consider the […]

November 7, 2024

HNB PLC, Sri Lanka’s leading private sector bank, recently entered into a strategic partnership with H. T. Peiris Company to provide comprehensive tax advisory services to its SME and Business Banking customers. The MoU was signed at HNB Towers, marking a significant milestone in enhancing value-added services for the bank’s business clients and setting the […]

August 9, 2024

Financial Performance Sampath Bank registered a profit before tax (PBT) of Rs 18.5 Bn and a profit after tax (PAT) of Rs 11.1 Bn for 1H 2024 reflecting growth rates of 40% and 45% respectively compared to the corresponding period of the previous year. The Sampath Group also reported PBT and PAT figures of Rs […]

August 8, 2024

In the backdrop of Sri Lanka making its way back from its most devastating economic crisis, the Institute of Chartered Accountants of Sri Lanka held its 3rd Annual Economic and Tax Symposium recently, under the theme ‘Shaping Fiscal Foundations: Tax Policy as a Catalyst for Sustainable Economic Growth’. Attended by a cross section of representatives […]

March 28, 2024

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised an insightful session that explored the latest tax updates affecting both individuals and businesses while assisting them in navigating through the changes. The session titled “Navigating Tax Changes: TIN Registration and Temporary Concessions Explained,” held mid-month, helped individuals, including professionals, understand […]

February 2, 2024

Industry associations, academics and writers express alarm over long-term consequences of making books more expensive for the masses Colombo, Friday 2nd February 2024: The latest salvo against the government’s imposition of value-added tax (VAT) on hitherto exempted sectors came today from Sri Lanka’s book industry, which has called for an immediate reversal of the decision […]

February 2, 2024

Teejay-Lanka-Chairman-Mr-Ajit-Gunewardene-and-CEO-Mr-Pubudu-De-Silva-LBN.jpg

Teejay Lanka PLC has maintained its positive trajectory in the third quarter of 2023-24, recording noteworthy pre- and post-tax profit growth for the three months ending 31st December 2023 and reversing the losses of the corresponding quarter of the previous year. Sri Lanka’s first multinational textile manufacturer has reported profit before tax of […]

November 8, 2022

“JKH records EBITDA growth of 45% to Rs.9.29 billion in Q2” EBITDA* (Rs.000) Quarter ending 30 September Six months ending 30 September Q2 2022/23 Q2 2021/22 % Cumulative 2022/23 Cumulative 2021/22 % Transportation 3,034,882 1,201,158 153 7,586,331 2,224,484 241 Consumer Foods 1,008,997 600,295 […]

Book industry renews call for exemption from VAT, citing serious concerns

HNB strengthens tax advisory and business support through H. T. Peiris collaboration

Sampath Bank Posts a PAT of Rs.11Bn for the first half of 2024, marking a YoY Increase of 45%

CA Sri Lanka’s 3rd Annual Economic and Tax Symposium Explores Ways to Use Tax Policy as a Catalyst for Sustainable Economic Growth

CA Sri Lanka helps individuals and businesses navigate through latest tax changes

Book industry makes clarion call for VAT exemption

Teejay records a positive Q3 despite market challenges

JKH records EBITDA growth of 45% to Rs.9.29 billion in Q2