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Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
In July 2024, Sri Lanka announced it will issue biometric passports to its citizens in order to address the poor standing of the passport. [16] The process, however, has been delayed due to procurement inconsistencies. [17] Most recently, Sri Lanka signed a visa waiver for diplomatic and official passport holders with Cambodia. [18]
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
This income includes several categories of portable income, including most investment income, certain resale income, and certain services income. Certain exceptions apply, including the exclusion from Subpart F income of CFC income subject to an effective foreign tax rate of 90% or more of the top U.S. tax rate .
On 5 August 2024, the Department of Immigration and Emigration notified the Sri Lankan diplomatic missions around the world of the discontinuation of the e-Visa system. [12] According to Minister of Public Security Tiran Alles , the old ETA system has yet to be reinstated due to changes made to the Department of Immigration and Emigration's ...
The concept of registration of persons and issuing identity cards was the subject of an agreement made between India and Sri Lanka in 1954, The draft bill submitted to the Sri Lankan parliament in 1962 was passed as the Act of Registration of Persons No. 32 of 1968. With the aim of activating the provisions of this Act, the Department of ...
The Sri Lankan diaspora are Sri Lankan emigrants and expatriates from Sri Lanka that reside in a foreign country. An estimate in 2013 by the United Nations concluded that the diaspora numbered around three million, with large concentrations in Europe, Middle East, East Asia, Australia and North America.
In December 2001, the Department of Foreign Affairs estimated that there were 800 Australian citizens resident in Sri Lanka. It is unclear whether these were returning Sri Lankan emigrants with Australian citizenship , their Sri Lankan Australian children, or other Australians present on business or for some other reason.