Taxes on the rice we eat! Taxes on children's school supplies! When taxes have been imposed on almost everything since January 2024, how is it possible that 38,814,918 kilograms of coconut oil were imported into Sri Lanka over just 10 months without paying any taxes? This negligence has resulted in a staggering government revenue loss of Rs 5 billion! - Sri Lanka News Update

Taxes on the rice we eat! Taxes on children’s school supplies! When taxes have been imposed on almost everything since January 2024, how is it possible that 38,814,918 kilograms of coconut oil were imported into Sri Lanka over just 10 months without paying any taxes? This negligence has resulted in a staggering government revenue loss of Rs 5 billion!

“It is a common saying in the village that cheating on the food given to the people will bring ill fortune. Yet, recent events show that this wisdom has been ignored.” Over the past few years, Sri Lanka has witnessed numerous frauds surrounding basic food commodities. From sugar and rice to gas, garlic, and coconut … Continue reading Taxes on the rice we eat! Taxes on children’s school supplies! When taxes have been imposed on almost everything since January 2024, how is it possible that 38,814,918 kilograms of coconut oil were imported into Sri Lanka over just 10 months without paying any taxes? This negligence has resulted in a staggering government revenue loss of Rs 5 billion!