New 15% Tax on Foreign Earnings for Sri Lankan Freelancers and Service Exporters

In a significant policy shift, the Sri Lankan government has introduced a 15% tax on foreign earnings for individuals and businesses engaged in exporting services. This move, effective from April 1, 2025, aims to bolster the nation’s foreign exchange reserves and formalize the income of freelancers and service exporters. Policy Overview The Inland Revenue (Amendment)…

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Key Steps to Obtain Good Manufacturing Practices (GMP) Certification in Sri Lanka

Checklist for GMP Setup and Compliance Requirement Details Facility Design & Layout Clearly defined areas for raw material storage, production, packaging, and finished goods to prevent cross-contamination. Hygiene & Sanitation Regular cleaning protocols, pest control measures, and sanitation guidelines for equipment and personnel. Standard Operating Procedures (SOPs) Documentation covering quality control, manufacturing processes, cleaning, and…

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The Road to GMP Certification: A Step-by-Step Guide for Cosmetic Manufacturers in Colombo, Sri Lanka

Understanding GMP Certification and Its Importance Good Manufacturing Practices (GMP) certification is a globally recognized standard that ensures the quality, safety, and efficacy of cosmetic products. For cosmetic manufacturers in Colombo, Sri Lanka, obtaining GMP certification is a crucial step in building consumer trust, expanding market access, and complying with regulatory requirements. The certification demonstrates…

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Maharagama: The Rising Star of Colombo’s Suburbs

Introduction: A City on the Rise Nestled on the outskirts of Colombo, Maharagama is fast emerging as one of the most vibrant and dynamic suburbs in Sri Lanka. Known for its strategic location, bustling commercial centers, and growing residential appeal, this city is redefining suburban living. In recent years, Maharagama has transformed from a quiet…

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Shocking Courtroom Assassination: The Death of ‘Ganemulla Sanjeewa’ Captured on Video

A Brazen Attack in the Heart of Justice In a chilling display of underworld audacity, notorious crime figure Sanjeewa Kumara, widely known as ‘Ganemulla Sanjeewa,’ was fatally shot within the confines of the Aluthkade Court premises. The assassination, which unfolded in full view of court officials, legal professionals, and the public, has sent shockwaves throughout…

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A Complete Guide to Buying Residential Property in Sri Lanka: Documents and Key Considerations

Buying a residential property is a significant milestone, whether it’s your first home or an investment. In Sri Lanka, the property market is steadily growing, offering a range of options from urban apartments to serene countryside homes. However, purchasing real estate comes with legal and financial complexities. Ensuring that you have the right documents and…

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5 Small Business Ideas to Start in Sri Lanka with 100,000 LKR in 2025

Starting a business with a limited budget may seem challenging, but Sri Lanka offers numerous opportunities for aspiring entrepreneurs to launch successful small-scale ventures. With just 100,000 LKR, you can tap into growing market demands, leverage local trends, and create a sustainable business. In 2025, the landscape is shifting towards digital businesses, eco-friendly products, and…

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