By S. Rubatheesan and Damith Wickremasekara
With the government’s proposal to reduce the registration threshold of the Value Added Tax and the Social Security Contribution Levy, some 25,000 to 30,000 new tax files are expected to be opened, targeting revenue of over Rs 150 billion.
The 2026 budget has proposed that the annual thresholds of the Value Added Tax (VAT) and the Social Security Contribution Levy (SSCL) be reduced from Rs 60 million to Rs 36 million.
Read more in today's Sunday Times edition here
A short while later, the official car of the Commander of the Navy, bearing plate NAHA 5006, departed from Navy House, Longdon Place, Colombo 7.
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