• CNL Reporter
• April 1, 2025
• News
• Tax
• 0 Comments

The Inland Revenue Department has announced that individuals earning less than Rs. 1.8 million annually can now claim relief on the advance income tax (AIT) charged on interest or discounts from deposits.

• CNL Reporter
• March 6, 2025
• News
• Tax
• 0 Comments

The fear of taxation may be contributing to the recent increase in cash circulation, highlighting Sri Lanka’s long journey towards a less cash-dependent society.