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5 sourcesJul 16, 2026

Colombo Slashes Entertainment Tax

The Colombo Municipal Council (CMC) has approved a proposal to reduce the entertainment tax imposed on local performances.The CMC announced that the proposal to reduce the tax has now been formally approved, with the relevant gazette notification also having been issued.Under the revised structure, the entertainment tax applicable to local performances will be reduced from 12 percent to 7 percent.According to the Colombo Municipal Council, the decision is intended to strengthen Sri Lankan artists and support the growth of the local cultural and entertainment sector.

Hiru News - English•Jul 16, 2026
CMC revises entertainment tax to boost cultural activities
By Hiru News English
Read full article

Summary

Steps were taken to amend the entertainment tax levied by the Colombo Municipal Council to provide more opportunities for entertainment, cultural activities, and sports for the people of Colombo city. She mentioned that, according to a request made by the Governor to allocate more space for the entertainment of the people of Colombo city, proposals were passed to grant this tax relief through the 2026 budget.

Summarised from Hiru News - English

What this story is about

People
  • Gazette3
  • Balthazaar
  • Sri Lankan
Organisations
  • Colombo Municipal Council5
  • CMC5
  • Balthazaar4
  • 2026 Budget, Colombo Mayor
  • Mayoress Balthazaar
  • Entertainment Tax
Places
  • Sri Lanka2
  • Colombo2
Keywords
  • percent2
  • slashes2
  • boost2
  • local2
  • competitions
  • performances
  • activities
  • affordable
  • announces
  • concerts

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

5 newsrooms have reported this story

  • Colombo Slashes Entertainment TaxNews First·Jul 16, 2026
  • Sri Lanka’s Colombo Municipal Council slashes entertainment tax to boost local artsEconomyNext·Jul 16, 2026
  • Colombo Mayor Announces Entertainment Tax Cut to Make Events More AffordableAda Derana Biz·Jul 16, 2026
  • CMC cuts entertainment taxes; new Gazette issuedNewsWire English·Jul 16, 2026
Full coverage