The government has lowered the VAT registration threshold from Rs. 60 million to Rs. 36 million, impacting the annual turnover requirement for Value Added Tax and Social Security Contribution Levy registration. source http://www.adaderana.lk/news.php?nid=114435
The government plans to remove the Special Commodity Levy on imported coconut and palm oil, replacing it with a general tax structure that includes Value Added Tax (VAT). source http://www.adaderana.lk/news.php?nid=114434
President Anura Kumara Dissanayake announced a 300,000 increase in registered taxpayers in Sri Lanka, bringing the total to this number as of September 30, 2025, compared to the previous year. source http://www.adaderana.lk/news.php?nid=114433
The government plans to allocate Rs. 1 billion to the Department of Wildlife Conservation to expedite electric fence construction and related projects, aiming to mitigate human-elephant conflict nationwide, as announced by the President. source http://www.adaderana.lk/news.php?nid=114422
The government allocated Rs. 342 billion for road development in the 2026 budget, with Rs. 66 billion specifically designated for the Kadawatha-Mirigama central expressway section, according to President Anura Kumara Dissanakaye. source http://www.adaderana.lk/news.php?nid=114421
During the 2026 Budget Speech, President Anura Kumara Dissanayake announced new housing and pension schemes for Sri Lankans working abroad, acknowledging their vital role in providing remittances, which are the country’s largest source of foreign exchange. source http://www.adaderana.lk/news.php?nid=114420
President Anura Kumara Dissanayake announced that Sri Lanka will offer various concessions to encourage the establishment of artificial intelligence (AI) data centers in the country. This initiative aims to boost the development of AI infrastructure in Sri Lanka. source http://www.adaderana.lk/news.php?nid=114412
In the 2026 Budget Speech, President Anura Kumara Dissanayake announced a Rs. 2,500 increase in the Mahapola and Bursary allowances for university students. source http://www.adaderana.lk/news.php?nid=114411
President Anura Kumara Dissanayake, in the 2026 Budget Speech, announced the allocation of Rs. 2,000 million for anti-drug operations focused on eradicating toxic drugs from the country. source http://www.adaderana.lk/news.php?nid=114410
President Anura Kumara Dissanayake announced that this year’s budget deficit is anticipated to decrease to 5.2%. source http://www.adaderana.lk/news.php?nid=114405