Pranavan Yoga

@numberslka I don't think so. Again, SSCL pushes the sales price but doesn't tax profits. If every business has to pay it, then the sale price will also be the same across industry. Same with VAT. Reducing % won't help, but reducing the threshold will bring level playing field.

SSCL should be eliminated. A tax on turnover is unfair by design because it taxes business activity regardless of profit. VAT % should also be gradually reduced, together with a reasonable adjustment to VAT thresholds. If VAT is brought down to around 10%, with proper safeguards and stronger enforcement, more businesses are likely to comply instead of looking for ways to avoid it. This cannot be done overnight, but the Government should have a clear 5 to 8 year plan to move in that direction. The problem with the current approach is that the Government is moving in the opposite direction. Instead of creating a tax system that supports growth, investment, and compliance, it is making the economy more expensive and harder to operate in. If this continues, Sri Lanka will not achieve real economic growth. We will remain stuck in the same cycle of high taxes, low investment, weak compliance.

New Day, New Tax: Sri Lanka’s 🇱🇰 Never Ending Tax Lust ⭕️ From May 1, 2026, the Government has decided that vehicle imports will be subject to a 2.5% Social Security Contribution Levy (SSCL) at the point of importation. ⭕️ “At the point of importation” means that anyone importing a vehicle, including personal importers, will now be subject to this tax. ⭕️ Previously, SSCL was mainly paid by vehicle importers after the sale. Personal importers were not directly subject to this tax at the point of importation. ⭕️ Even vehicle importers may not have properly paid SSCL under the previous turnover-based system, as it left room for anything from creative accounting practices to outright tax fraud. ⭕️ Effectively, this change means that if you buy a vehicle, your cost will increase by around Rs. 2%-3% or more, depending on the CIF value and the relevant taxes for that vehicle. ⭕️ Rs. 7 million -> ~ Rs. 150,000 🔺 ⭕️ Rs. 10 million -> ~ Rs. 200,000 🔺 ⭕️ Rs. 15 million -> ~ Rs. 300, 000🔺 ⭕️ SSCL works like VAT, it is charged on the basis of CIF value and other applicable taxes. 2.5% SSCL = (CIF value + CIF x 10% + CID + Excise Duty + any other taxes) x 2.5% CID = CIF x 30% Excise Duty = Changes based on the vehicle type Other taxes = such as surcharge, PAL, etc. Currently 0 for vehicles ⭕️ SSCL was introduced in 2022 as a temporary tax to support Sri Lanka’s economic recovery by charging 2.5% on turnover. ⭕️ The Government has no real justification to keep increasing taxes on people, especially when revenue generating agencies have exceeded their targets during the last two to three years, and any expected revenue increase from this measure could have already been achieved through improved collection. ⭕️ The only other group that benefits from this change is large scale vehicle importers, as it removes one of the key cost advantages of personally importing a vehicle over buying from an established importer. ⭕️ Adding more taxes on already heavily taxed vehicles does not create any meaningful value for the country in the long run, especially when it locks away capital in depreciating assets like vehicles. ⭕️ Higher taxes do not help grow the economy. They discourage economic activity and reduce people’s ability to spend, invest, and build businesses. In simple terms, it is another case of handing more money to the Government, often the worst manager of money in any country. ⭕️ If Sri Lanka 🇱🇰truly wants a fair and low tax system, the focus should be on widening the tax base, improving the collection system, reducing leakages, and ensuring that everyone contributes fairly. #SriLanka #VehicleTaxes

Sri Lanka has a 92% literacy rate. 97% school enrollment. One of the best educated populations in South Asia And yet youth unemployment is 22%. Thats 1 in 5 young people aged 15-24 who cant find work. More than 50,000 unemployed graduates sitting at home How does a country with near universal education produce graduates nobody wants to hire Because the system was built to create government employees not entrepreneurs. We spend 13 years teaching kids to memorize answers for an exam. Pass the O/Ls. Pass the A/Ls. Get into university. Get a government job. Thats the entire pipeline But there arent enough government jobs anymore. There never were. So what happens to the kid from Matara who studied arts for 4 years, graduated with honors, speaks zero English, has no digital skills, no internship experience, and was never taught how to write a CV let alone build a business He queues. He waits. His parents tell him a good job will come. And 3 years later hes still at home Meanwhile the IT sector is desperate for people. Tourism cant find enough trained staff. The garment industry needs middle managers. Construction needs engineers. The jobs exist — just not for the graduates we produce The mismatch is brutal: Universities teach theory. Employers want skills Degrees take 4 years. The industry moves every 6 months English is taught as a subject. The private sector needs it as a language Soft skills like communication, teamwork, problem solving — not in the syllabus Fewer than 5% of 15-24 year olds go through vocational training 77% of young people dont even know vocational pathways exist And the gender gap makes it worse. Female youth unemployment is nearly double male youth unemployment. The most educated women in the country are the most unemployed We dont have an education problem. We have a relevance problem. The system produces people trained for a world that doesnt exist anymore Fix the mismatch or keep producing angry, qualified, unemployed young people with nothing to lose. Weve seen what happens next

@jacksonhinklle This post is a prime example of how misleading and manipulative US figures are. Sorry, we don't give a sh*t.

🚨🇱🇰🇺🇸🇮🇷 BREAKING: Sri Lanka's Communist government REFUSED to allow 2 U.S. military aircraft to land at a civilian airport, earlier this month — Reuters

@NewsWireLK Does anyone know where to find this overide option?

‘Override’ feature introduced to resolve fuel QR code issues ift.tt/OYSxrgC

@shanaka86 We don't need to pick sides or kiss ass. If one can measure the amount of hatred earned by USA, I am sure the last few years data would surpass the last few decades total. Nobody wants to trust a fox, cheat, and a bully who acts only on self interest and not cooperation.

BREAKING: Sri Lanka just made its most consequential geopolitical decision in a generation. It granted IRINS Bushehr permission to dock at Trincomalee. Understand what Trincomalee is. It is not a secondary port chosen for discretion. It is one of the finest deep-water natural harbors on earth. The British Empire considered it the most strategically vital naval anchorage in the entire Indian Ocean, second in Asia only to Singapore. During the Second World War, the Japanese bombed Trincomalee in April 1942 in the same raid that destroyed HMS Hermes. It is the port that any power wishing to project naval force across the Bay of Bengal and into the Indian Ocean wants access to. India has been quietly seeking closer strategic arrangements with Trincomalee for years. The United States uses the broader Sri Lankan maritime space as a transit zone. China has made significant infrastructure investments in Colombo Port. Sri Lanka is now allowing an Iranian Navy vessel to dock there, forty-eight hours after a US submarine sank another Iranian Navy vessel forty kilometers off Galle, in what American officials are calling the first torpedo kill since World War Two. The conditions attached to the approval are the tell. Passengers are to be evacuated and transferred to Colombo before the vessel proceeds to Trincomalee. The sequencing, crew off the ship, then ship into the harbor, is the signature of a government trying to perform a humanitarian act while minimizing the military profile of what it is hosting. Sri Lanka is attempting to receive the crew without receiving the warship. Whether that distinction survives American, Indian, and Israeli intelligence scrutiny is a separate question. The approval arrives after what the Sri Lankan Parliament described as an eleven-hour delay that preceded the sinking of IRIS Dena. The political pressure on Colombo to not repeat that outcome is now explicit and documented. Opposition MPs named the delay in Parliament. The Foreign Minister acknowledged the distress call timeline. Sri Lanka could not deny IRINS Bushehr without the denial being read, in Colombo and in Tehran and in every neutral capital watching this war, as a second contribution to the death of Iranian sailors. This decision will cost Sri Lanka something. Washington will not view the docking of an Iranian Navy vessel at Trincomalee during an active US military campaign against Iran as a neutral humanitarian act. It will be registered as a positioning decision regardless of how Colombo frames it. The question Sri Lanka’s government was weighing overnight was not whether to incur a cost. It was which cost was survivable. Forty-eight hours ago Sri Lanka was a bystander. Today it is a party. The Indian Ocean theater has its first neutral-state-turned-participant. It will not be the last. open.substack.com/pub/shanakaans…

@Dailymirror_SL I think it's high time to start a campaign #daily_error

Govt-LTTE ideologies alike, says Namal after Cambridge union cancellation Read more 👉 dailymirror.lk/breaking-news/…

@DogeshiKun Hi, I've been unable to join the telegram group for soemtime now. It says link is expired. Please look into that, and community is ready to contribute.

@fm_faizin @NewsWireLK There is always a first, and probably will act everywhere, all in good time. Nothing happens overnight.

@NewsWireLK Why only Colombo? It's happening in all the cinemas across the country. Where were these officers? Only last week, a newly opened theatre was selling a 100LKR Sprite bottle at the price of 400LKR. #LKA

Raids at Colombo cinemas over overpriced food sales ift.tt/u7Nh4R3

@HenricusSean @NewsWireLK Not at all. 50% of the ticket sale price goes to theater owners. They dont need to increase ticket prices to compensate for their canteen income. If they do, then they'll loose more footfall which they wouldn't want. Overpriced food is just additional income.

@NewsWireLK What stupidity. I hope everyone who is cheering for this is prepared to pay double for a movie ticket now. The business model has always been to subsidise the ticket price with overpriced F&B. If that is removed, an increase in ticket prices will be inevitable.

@AdhyanDheking @NewsWireLK Actually Dr Pradeep has been doing good work for several years now. This has nothing to do with current government. He's just reiterating the law.

@NewsWireLK finally one good administrative decision by this government.

Hotels cannot declare beaches private : CCD ift.tt/u1R8OFS

@BRICSinfo Ethics and morality over money. This is a great move.

JUST IN: 🇲🇻🇮🇱 Maldives President officially signs the law banning Israelis from entering the country.

@NewsWireLK Why do you have to say a female officer was the whistleblower? Does it not make it easier to blow anonymity?

Bribe incident: 4 arrested in top Colombo hotel ift.tt/opMfcsE

@Thili_Sam @NewsWireLK Because they are luxury vehicles? Why do MPs need luxury vehicles?

@NewsWireLK Why can’t you give those auction vehicles to the MPs ? Rather than getting brand new ones ?

Vehicle imports & auctioning state vehicles: President speaks newswire.lk/9ix6

@kabi__10 @puparjuncr7 @NewsWireLK ivan thirunthamaatan.

@puparjuncr7 @NewsWireLK @pranavan_VoldA 😂

Nimal ready to quit Politics, but stays for his supporters newswire.lk/2024/10/01/nim…

@SankaChandima Stop dragging SL backwards and and let us evolve. English is a link language and a passport is an internationally used document. Open your mind and be happy that this has been written in all 3 languages.

It is such a disgrace to violate the national language policy and the dignity of Sri Lanka by placing native languages at the second tier on the official passport.

@Dailymirror_SL Baba is now scared, when the executive power is against corruption.

SLPP will support if NPP abolishes Executive Presidency, changes electoral system: Namal dailymirror.lk/breaking_news/…

@ComBank_LK @CBSL @NewsWireLK

@ComBank_LK Part 3: What about customers who only use card? How about a simple SMS? If you could send all those useless promotional texts, why not send one informing a BLACKOUT without access to MY MONEY. I would surely like to check if this is even legal?

Uninformed system upgrades are irresponsible and unethical @ComBank_LK. I had to stand in the middle of the road during an emergency, and had to go through much embarrassment for 30-45 minutes, all because this bank forgot to inform their clients about a system upgrade/ Part 1

@ComBank_LK Part 2: When inquired, they claim to have informed through a Facebook post and a message in their digital banking platform. Do you seriously expect every client to keep checking their digital banking platform and your Facebook page everyday?