• 17th Jun' 22

    Directions regarding Covid-19 measures w.e.f 10.06.2022 (dated -09.06.2022) – Ministry of Health

    – It is not mandatory to wear facemasks indoors and outdoors. However it’s if preferable that persons having respiratory symptoms wear a facemask. This direction does not prevent persons wearing face masks according to their wish.

    – Performing of Covid-19 PCR test/Rapid Antigen Test (RAT) should not be done as a screening test, refer attachment for further details

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  • 17th Jun' 22

    Speaker ratifies the Electricity (Amendment) Bill-Colombo Page

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  • 17th Jun' 22

    Controls on capital forex transactions to be extended-FT.LK

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  • 17th Jun' 22

    Government introduces a Social Security Fund by imposing a new tax on importers & manufacturers- Colombo Page

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  • 17th Jun' 22

    Notification regarding Rates of Exchange effective from 13.06.2022 – Dept. of Customs

    The Notification relating to the Rates of Exchange published in Gazette No. 2283/01 of 06th June, 2022 is hereby rescinded, refer attachment for further details.

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  • 11th Jun' 22

    Bill to amend to Electricity Act to Parliament on Thursday (9); it will not abolish competition process, assures Minister-Newsfirst.LK

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  • 11th Jun' 22

    Manusha urges expat workers to remit funds through banks-Dailynews.LK

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  • 11th Jun' 22

    CBSL says current credible exchange rate regime has made positive impact-FT.LK

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  • 11th Jun' 22

    Telecommunication tax to be increased from midnight today-Colombo page

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  • 11th Jun' 22

    Notice regarding Maximum interest rates on foreign currency deposits of licensed commercial banks and the national savings bank (dated – 08.06.2022)- Central Bank of Sri Lanka

    – Issued under section 104(1) (a) of the Monetary Law Act, No. 58 of 1949, as amended.

    – Monetary Law Act order No. 03 of 2021 dated 30 December 2021 on Maximum Interest Rates on Foreign Currency Deposit of Licensed Commercial banks and the National Savings Bank except order 7 is hereby revoked, refer attachment for further details

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  • 11th Jun' 22

    Notification regarding Rates of Exchange with effective from 06.06.2022 -Dept. of Customs

    – The Notification relating to the Rates of Exchange published in Gazette No. 2282/01 of 30th May, 2022 is hereby rescinded, refer attachment for further details

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  • 11th Jun' 22

    Notification regarding Foreign Exchange Act, No. 12 of 2017 (Sinhala Version) – Dept. of Trade and Investment Policy

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  • 3rd Jun' 22

    Notification regarding Colombo Consumer Price Index (CCPI) (Base 2013=100) for May 2022 (dated -31.05.2022)-Dept. of Census and Statistics

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  • 3rd Jun' 22

    Govt. ends imports licensing of select products but slaps higher taxes-FT.LK

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  • 3rd Jun' 22

    Notice regarding VAT registered person (dated – 01.06.2022)-Inland Revenue Department

    – As per the Extraordinary Gazette Notification No. 2282/26 dated May 31, 2022, published under section 2A of the Value Added Tax Act, No. 14 of 2002, VAT rate has been revised with effect from June 01, 2022 as set out below.

    – Import of goods (Fabrics)

    – Import of fabrics set out in the H.S. Code and description specified in Column I and II of Schedule of the Extraordinary Gazette Notification No. 2095/20 dated November 1, 2018 – Zero per centum (0%).

    – Standard Rate

    – Import and/or supply of goods or supply of services, other than import of goods as referred to under above paragraph [paragraph (a)] including,

    – supply of services by a hotel, guest house, restaurant or other similar businesses providing similar services, registered with the Sri Lanka Tourism Development Authority, (for which VAT rate on such supply was at 0% from December 01, 2019) – Twelve per centum (12%).

    – Further, VAT Rate applicable on Supply of Financial Services remains unchanged at Eighteen per centum (18%), refer attachment for further details.

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  • 3rd Jun' 22

    Order under Section 2A of Value Added Tax Act, No. 14 of 2002 (dated – 31.05.2022)- Ministry of Finance

    – The Value Added Tax shall be charged ;

    – On import of goods set out in the H. S. Code and description specified in Column I and II of Schedule of the Extraordinary Gazette Notification No. 2095/20 dated November 01, 2018, at the rate specified in the corresponding entry in Column III of such Schedule ; and

    – On the import and/or supply of goods or supply of services, other than the import of goods as referred to under sub-paragraph (a) of this paragraph, at the rate of twelve per centum (12%)   The Order made under Section 2A of the Value Added Tax Act, No. 14 of 2002, as amended by Act, No. 06 of 2005 and published in the Extraordinary Gazette Notification No. 2151/52 dated November 29, 2019 is hereby rescinded.

    – This Order shall come into effect from June 01, 2022, refer attachment for further details

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  • 3rd Jun' 22

    Notification regarding Rate of Exchange effective from 30.05.2022 – Dept. of Customs

    – The Notification relating to the Rates of Exchange published in Gazette No. 2281/01 of 23rd May, 2022 is hereby rescinded, refer attachment for further details

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  • 27th May' 22

    Notification regarding National Consumer Price Index -April 2022 (dated – 23.05.2022) – Dept. of Census and Statistics

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  • 27th May' 22

    CB imposes 100% cash margins on select imports-FT.LK

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  • 27th May' 22

    CBSL implements extraordinary measures to support banking sector- FT.LK

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  • 27th May' 22

    Sri Lanka food importers seek exemption from open account trade ban-Economy Next

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  • 27th May' 22

    Notice on Regulatory requirements amidst prevailing extraordinary macroeconomic conditions (dated -23.05.2022) – Central Bank of Sri Lanka

    – After careful consideration the extraordinary circumstances caused by the current macroeconomic conditions, the monetary board hereby issues the directions to licensed commercial banks and licensed banks, subject to periodic review, refer attachment for further details

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