Chartered Accountants will now be required to independently verify foreign tax deduction certificates, proof of payment, correct exchange rate conversion, and eligibility under tax treaties.

An OCI functions as a lifelong visa, allowing individuals to live and work in the country indefinitely without the need for periodic renewals.

The visit by IMF Managing Director Kristalina Georgieva to Sri Lanka was widely described as a success for the government.

Sections 15–17 define salary broadly to include allowances, perquisites, and retirement benefits. Tax is charged on the earlier of due or receipt ...

The couple said that while the OCI status offers significant flexibility, it also comes with clear rules.

Sri Lanka is hosting the IRONMAN 70.3 Colombo triathlon this month, positioning the global sporting spectacle as a driver of tourism, investment and urban renewal under a broader “#ActiveColombo” city ...

Planning for retirement is one of the most important financial steps for any working professional. Most employees believe ...

With the government’s recent emphasis on simplifying tax rules, understanding these 10 tax‑free incomes can help individuals ...

A Country Boy Breakfast from Cracker Barrel may sound like a great meal — that is, until you’ve had it four days in a row. On Feb. 2, the Wall Street Journal reported that it had obtained a leaked ...