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Sri Lanka scraps pandemic-era ban on vehicle imports to reap tax rewards

Summary by South China Morning Post

Vehicle imports were banned in 2020 to save foreign exchange reserves, but the move deprived authorities of a lucrative revenue stream.

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South China Morning Post

Sri Lanka scraps pandemic-era ban on vehicle imports to reap tax rewards

Vehicle imports were banned in 2020 to save foreign exchange reserves, but the move deprived authorities of a lucrative revenue stream.

5 days ago·Hong Kong

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EconomyNext

Sri Lanka to hike base salaries, net salaries of state workers

ECONOMYNEXT – Sri Lanka will raise base salaries and net salaries of state workers and also increase pensions in stages, President Anura Disanayake said presenting the budget for 2025. The increases will be done in stages, he said. For 2025, the increase will cost 110,000 rupees. “We propose to increase the minimum monthly basic salary from Rs.24,250 to Rs.40,000 by Rs.15,750. The current ad-hoc interim allowance and special allowance will be in…

6 days ago

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Liberty Hill Independent

+3 Reposted by 3 other sources

Sri Lanka budget banks on car taxes to boost coffers

Sri Lanka is banking on vehicle import taxes to boost revenue and revive the island nation's battered economy, leftist President Anura Kumara Dissanayake's maiden budget showed on Monday.

6 days ago·Texas, United States

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