Sri Lanka’s Colombo Municipal Council Slashes Entertainment Tax to Boost Local Arts

Sri Lanka’s Colombo Municipal Council slashes entertainment tax to boost local arts

ECONOMYNEXT — The Colombo Municipal Council (CMC) has slashed its entertainment tax across all categories, including a sharp reduction for local concerts, in an effort to revitalize the capital’s cultural and creative industries. The relevant Gazette notification has now been issued after the proposal was approved through the 2026 Budget, Colombo Mayor Vraîe Cally Balthazaar said. “One of the requests we received when we took office was a simple…

Colombo Municipal Council cuts Entertainment Tax on local concerts

Vraie Cally Balthazaar The Colombo Municipal Council has reduced the Entertainment Tax on local concerts from 12% to 7%, while lower rates have also been introduced across all entertainment tax categories. Colombo Mayor Vraie Cally Balthazaar announced the change in a Facebook post today (July 16), stating that the relevant proposal has been approved and the Gazette notification has been issued. The tax reduction was approved through the Colombo…

Western Province Revises Entertainment Tax Rates for Events in Colombo - LNW Lanka News Web

July 16, Colombo (LNW): The Western Province Provincial Council has introduced a revised entertainment tax framework covering cinemas, sporting events and live performances held within the Colombo Municipal Council limits, following the publication of a new Extraordinary Gazette. Issued under Gazette Extraordinary No. 2489/69, dated 22 May 2026, the revised tax schedule was authorised by Western Province Governor Hanif Yusoof and is based on a r…

Colombo’s Mayor Unveils Reduction in Entertainment Tax to Enhance Event Accessibility

The Colombo Municipal Council (CMC) has made the decision to lower its Entertainment Tax, specifically decreasing the tax on local concerts from 12% to 7%. […] The post Colombo’s Mayor Unveils Reduction in Entertainment Tax to Enhance Event Accessibility appeared first on FINANCIAL CHRONICLE.