Sri Lanka's Minister of Finance, Planning, and Economic Development delivered the Budget Speech for 2026 on 7 November 2025. The main revenue (tax) proposals include the following:
- Reduce the annual turnover threshold for VAT and Social Security Contribution Levy (SSCL) from LKR 60 million to LKR 36 million, effective from 1 April 2026;
- Remove the Special Commodity Levy on imported coconut oil and palm oil and instead implement the general tax structure including VAT, effective from 1 April…