Numerous changes to Sri Lanka’s value-added tax (VAT) and National Building Tax (NBT) regimes took effect on January 1. In the area of VAT, the VAT registration threshold was cut from LKR15m to LKR12m (USD83,000). In addition, the single 11 percent rate of VAT was …
Another year starts and with it, new hopes and aspirations, a faint desire that sprouts in every human heart that speaks of happiness, prosperity and goodness to come. Take a leap of faith and begin this wondrous new year by believing. Believe in yourself. And …
The Sri Lankan Air Force (SLAF) is unlikely to buy the Pakistan-made and Chinese-designed JF-17, a third generation jet fighter, even if Pakistan Prime Minister Nawaz Sharif pushes for it during his sojourn in Colombo between January 4 and 6, a leading Lankan defense expert …