Sri Lanka MOF Presents 2026 Budget Speech

The Sri Lankan Ministry of Finance Nov. 7 presented the 2026 budget speech. The speech outlines measures to: 1) reduce, to US$250,000 from US$3 million, the investment threshold, for enhanced capital allowances; 2) replace the special commodity levy on imported coconut and palm oils with a general tax structure that includes VAT and the social security contribution levy (SSCL), from April 2026; 3) reduce, to 36 million Sri Lankan rupees (US$117,893) in annual turnover from 60 million rupees (US$196,488), the registration threshold for VAT and the SSCL, from April 1, 2026; 4) remove the 100 rupee (US$0.32) per kilogram contribution ...