Category: Local News





Inland Revenue Act to be simplified and modernized

Cabinet of Ministers has approved the proposal made by Minister of Finance Ravi Karunanayake to instruct the Legal Draftsman to redraft the Inland Revenue Act in par with international standards and improving clarity and transparency as proposed by the budget 2016.










We will turn Sri Lanka into a high income country: PM

Prime Minister Ranil Wickremesinghe said that the government would create an independent fund to manage all profits made by state owned enterprises, “we will work towards getting these profits back to the people. We will not privatize any state enterprise”, he said.