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
Read MoreSpeaker ratifies the Electricity (Amendment) Bill-Colombo Page
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Read MoreGovernment introduces a Social Security Fund by imposing a new tax on importers & manufacturers- Colombo Page
Read MoreNotification 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The Notification relating to the Rates of Exchange published in Gazette No. 2283/01 of 06th June, 2022 is hereby rescinded, refer attachment for further details.
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Read MoreTelecommunication tax to be increased from midnight today-Colombo page
Read MoreNotice 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
Read MoreNotification 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– The Notification relating to the Rates of Exchange published in Gazette No. 2282/01 of 30th May, 2022 is hereby rescinded, refer attachment for further details
Read MoreNotification regarding Foreign Exchange Act, No. 12 of 2017 (Sinhala Version) – Dept. of Trade and Investment Policy
Read MoreNotification regarding Colombo Consumer Price Index (CCPI) (Base 2013=100) for May 2022 (dated -31.05.2022)-Dept. of Census and Statistics
Read MoreGovt. ends imports licensing of select products but slaps higher taxes-FT.LK
Read MoreNotice 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.
Read MoreOrder 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
Read MoreNotification 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
Read MoreNotification regarding National Consumer Price Index -April 2022 (dated – 23.05.2022) – Dept. of Census and Statistics
Read MoreCB imposes 100% cash margins on select imports-FT.LK
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Read MoreSri Lanka food importers seek exemption from open account trade ban-Economy Next
Read MoreNotice 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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