Monthly Archives: January 2016

Sri Lankan Tax Reforms Effective

Sri Lankan Tax Reforms Effective

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 …

Happy New Year

Happy New Year

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 …

Air Force unlikely to buy Pak-Made JF-17s

Air Force unlikely to buy Pak-Made JF-17s

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 …