Verité in the News

    ‘If changes are made in Committee Stage in Parliament, there will be no room to legally challenge draconian sections of the new legislation’ – says Gehan Gunatilleke
    by |18 September 2018|Verité in the News
    Taken from Sunday Observer BY A STAFF REPORTER The Counter Terrorism Bill approved by cabinet last week is a major improvement on the existing Prevention of Terrorism Act, but the bill only has conditional cabinet approval and could be subject...
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    Sri Lanka Economic Summit 2018: On The Fast Track to a Turnaround
    by |14 September 2018|Verité in the News
    Give top priority to foreign investment - Arun Kumar  Foreign investment needs to be a high-priority area for growth and employment generation in Sri Lanka, said Arun M Kumar, Chairman and CEO, KPMG India. Delivering the key note address at the inaugural...
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    A Litmus Test: The Debate on the 19th Amendment
    by |14 September 2018|Verité in the News
     On April 28, 2015, the 19th amendment to the Constitution was passed in Parliament, with a two-thirds majority. 212 MPs voted in favour of its passage, with just one MP at the time, former Rear Admiral Sarath Weerasekara, voting against it. The 19th amendment...
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    Loopholes hamper outcome of import tax relief programs – Study
    by |27 August 2018|Verité in the News
    Tax exemptions come as a shot in the arm for businesses saddled with various taxes such as Import Duty, Import Cess, Port and Airport Development Levy, Nation Building Tax (NBT) and Value Added Tax (VAT) which are key revenue sources...
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    Import taxes
    by |23 August 2018|Verité in the News
    Import taxes are an important part of an economy. They provide tax revenue, raw materials and products that directly affect the lives of people. However, a recent study has found that Sri Lanka’s import tax exemption schemes are too opaque,...
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    Study finds Sri Lanka import tax exemption schemes prone to abuse
    by |23 August 2018|Verité in the News
    Sri Lanka’s import tax exemption schemes are not transparent, subject to undue official discretion and prone to abuse, a study by the Verité Research think-tank has found. Called ‘Wading Through Murky Waters’, the think-tank said its findings were a case...
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    Opaque import tax exemptions pave way for abuse: Report
    by |23 August 2018|Verité in the News
    Sri Lanka’s import tax exemption schemes are too opaque, resulting in them being open to abuse and corruption, a case study by a prominent think tank has found, with decisions frequently subject to officials’ discretion as regulations are unavailable to...
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    Study reveals SL’s import tax exemption schemes prone to abuse
    by |23 August 2018|Verité in the News
    Sri Lanka’s import tax exemption schemes are prone to abuse as they lack predictability, efficiency and openness, a study by a Colombo-based think tank has revealed. The import taxes are a critical source of government revenue. Depending on the product,...
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    More drug prices slashed: “Good” move or “rushed” move?
    by |13 August 2018|Verité in the News
    By Kumudini Hettiarachchi Mixed are the reactions to Health Minister Dr. Rajitha Senaratne’s declaration this week that the prices of 15 more essential drugs are to be slashed with immediate effect. While the Pricing Committee of the National Medicines Regulatory...
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    Bringing Sri Lanka’s traders one step closer to global market
    by |13 August 2018|Verité in the News
    By Marcus Bartley Johns Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry. Udeni, who is a traditional Beeralu lace maker from Galle, learned the technique from her mother and...
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