Excise Revenue Surges on Vehicle Imports; Cigarette Taxes Drop
- CNL Reporter
- August 6, 2025
- News
- Vehicle Imports
- 0 Comments
Sri Lanka has collected 129 billion rupees from excise duties from vehicles in the first half of 2025,
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IRD Extends PIN Validity amid Push for Broader Tax Compliance
- CNL Reporter
- August 6, 2025
- News, Political
- IRD
- 0 Comments
In a move aimed at enhancing taxpayer compliance and easing the digital filing process,
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Heavy Taxation Hits Online Shopping as Sri Lanka Scraps Tax-Free Imports
- CNL Reporter
- August 5, 2025
- News
- Tax-Free
- 0 Comments
Sri Lanka is now charging all taxes on foreign parcels coming from online platforms and backlogs have also been cleared, without any de minimis exemptions being given Customs officials said.
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‘Import American vehicles duty-free’ U.S. tells Sri Lanka
- CNL Reporter
- August 5, 2025
- News, Political
- American vehicles
- 0 Comments
The United States (U.S.), in its tariff negotiations, requested Sri Lanka to grant duty-free access to American vehicles, including Electric Vehicles (EVs),
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South Korea pledges to help companies cope with higher US tariffs
- CNL Reporter
- August 5, 2025
- News
- US tariffs
- 0 Comments
South Korea will prepare measures to help companies cope with higher U.S. tariffs and expand into new markets, the Finance Ministry said on Tuesday,
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Keerthibandarapura Traffic OIC arrested for soliciting bribe
- CNL Reporter
- August 5, 2025
- News
- Traffic OIC arrested
- 0 Comments
The Officer-in-Charge of the Keerthibandarapura Traffic Division has been taken into custody by officials of the Commission to Investigate Allegations of Bribery or Corruption.
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Another earthquake hits Russia’s Petropavlovsk region; back-to-back tremors raise alarm
- CNL Reporter
- August 5, 2025
- Foreign News, News
- earthquake
- 0 Comments
Fresh tremor of magnitude 5.1 struck far-east in Petropavlovsk-Kamchatsky, Russia today, reported the US Geological Survey (USGS).
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Colombo Stock Market makes history
- By KrishCNL
- August 5, 2025
- Business News, News, Political
- Colombo Stock Market
- 0 Comments
The Colombo Stock Exchange (CSE) achieved a notable financial milestone yesterday, as its All Share Price Index (ASPI) reached the 20,000-point mark for the first time. This significant event occurred rapidly, just ten minutes into trading, and is recognized as a historic moment for Sri Lanka’s financial markets.
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Chamber commends government on US Tariff cut
- By KrishCNL
- August 5, 2025
- Business News, News, Political
- Ceylon Chamber of Commerce, US tariff
- 0 Comments
The Ceylon Chamber of Commerce has officially commended the Government of Sri Lanka and its national negotiation team for their successful efforts in securing a further reduction in the reciprocal tariff rate with the United States. This significant achievement sees the tariff rate on Sri Lankan exports reduced from 30% to 20%. Krishan Balendra, Chairperson of the Ceylon Chamber, remarked, …
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Japan gives Rs. 131M for demining in North
Japan has once again shown its support for Sri Lanka by providing a new grant of about USD 450,000 (around Rs. 131.4 million) to help clear landmines in the Northern Province. This grant is part of Japan’s “Grant Assistance for Grassroots Human Security Projects (GGP)” and was signed by the Japanese Ambassador, Akio Isomata, and Mr. Ananda Chandrasiri from Delvon …
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