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Keerthi Tennakoon lists 12 tax amendments introduced over the past two years

Sri Lanka Human Rights Centre Executive Director Rajith Keerthi Tennakoon has outlined 12 tax revisions introduced by the new Government…

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Hiru News - English47m agoKeerthi Tennakoon lists 12 tax amendments introduced over the past two years

By Hiru News English

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Ada Derana1h agoGovernment introduced 12 tax revisions over two years: CHR Sri Lanka

NewsWire English2h agoRajith Keerthi Tennakoon lists 12 tax revisions under new Government

Summary

Withholding tax on bank interest - April 2025: The withholding tax rate on interest earned from bank deposits was increased from 5% to 10%. Additional vehicle import surcharge - May 2026: A 50% surcharge was introduced on the existing 30% customs duty, resulting in an effective rate of 45%. Capital gains tax June 2026 - The tax rate for individuals and partnerships was increased from 10% to 15%.

Summarised from Hiru News - English

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