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Amended tax code proposes higher rates, wider net and tighter compliance regime
Daily FT
|February 26, 2026
FRESH changes to the tax code will see higher tax rates on capital gains, a significant expansion of the Withholding Tax (WHT) base, tighter compliance, and more.
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Capital Gains Tax to rise to 15% for individuals and 30% for trusts and unit trusts
5% WHT net significantly expanded to cover professionals, creative and digital service providers
Denne historien er fra February 26, 2026-utgaven av Daily FT.
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FLERE HISTORIER FRA Daily FT
Daily FT
US says Sri Lanka must establish two-way FDI and trade
THE US signalled that deeper economic engagement with Sri Lanka will depend on sustained reforms and reciprocal trade and investment flows, with US Embassy in Colombo Chargé d'Affaires Jayne Howell telling business and Government leaders that American capital will expand where regulations are predictable, contracts are honoured, and procurement is transparent.
2 mins
February 26, 2026
Daily FT
NDB reports all-time high earnings; doubles PAT on a normalised basis
THE National Development Bank PLC yesterday announced a strong growth across all business lines with Net Banking Revenue increasing by a 45.2% on a comparable basis.
4 mins
February 26, 2026
Daily FT
Court orders trial against foreign insurance broker for securing local reinsurance tender
THE Fort Magistrate's Court yesterday overruled preliminary objections raised by Tysers Insurance Brokers Ltd., an international insurance broking firm, and fixed for trial a case in which Tysers was accused of violating the Regulation of Insurance Industry Act.
1 mins
February 26, 2026
Daily FT
DFCC Bank delivers landmark 2025
Record performance and strategic expansion key highlights
8 mins
February 26, 2026
Daily FT
Home Lands Announces Strategic Entry into Port City Colombo with Iconic High Rise Development
Enhances Scope for Foreign Investment in Sri Lanka
3 mins
February 26, 2026
Daily FT
Phoenix Ogilvy dominates Sri Lanka's creative rankings
Standout year with international awards show wins at LIA, One Asia, Clio, AdFest, Spikes Asia and The Work
2 mins
February 26, 2026
Daily FT
Digital Economy and Cyber Security Acts this year
THE Government is stepping up its efforts to introduce two major pieces of legislation-the Digital Economy Act and the Cyber Security Act, to establish a comprehensive legal framework for the country's digital transformation program.
1 mins
February 26, 2026
Daily FT
SUNSHINE HOLDINGS PLC SECURES BRONZE AT CA TAGS AWARDS 2025 FOR REPORTING EXCELLENCE
\"Receiving the Bronze Award at the TAGS Awards 2025 is a meaningful recognition of the standards we hold ourselves to as a diversified group.
3 mins
February 26, 2026
Daily FT
Scale Up 2026 10th anniversary brings over 50 global partners to Colombo
SCALE Up 2026 recently marked 10 years of Gapstars building high-performance embedded teams from Sri Lanka and introduced a new chapter with the formal launch of Gapstars Group in a milestone event in global collaboration in Colombo.
2 mins
February 26, 2026
Daily FT
Hayleys to raise up to Rs. 7 b via debenture issue
HAYLEYS PLC has resolved to raise up to Rs. 7 billion through a listed, rated, unsecured, senior, redeemable debenture issue, subject to regulatory approvals.
1 min
February 26, 2026
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