News
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Sri Lanka’s Cabinet of Ministers has approved a fresh international tender process to implement a new liquor security stamp system, marking another step in the Government’s efforts to strengthen regulation and monitoring within the alcohol industry. The move comes amid ongoing discussions surrounding transparency, tax collection, and the prevention of counterfeit alcohol products in the market. According to reports, the proposed system is expected to introduce enhanced security features and digital tracking mechanisms for liquor…
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Sri Lanka’s Excise Department has announced that all licensed liquor shops will remain closed on May 1, May 30, and May 31, 2026, in line with May Day and the National Vesak Festival (Buddhist Year 2570). According to a Cabinet decision dated March 30, 2026, the National Vesak Festival will be held on May 30 and 31, coinciding with the Full Moon Poya Day. Accordingly, liquor outlets must remain closed from the end of business…
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Sri Lanka’s Excise Department recorded a strong performance in 2025, exceeding its annual tax revenue target and marking one of the most successful years in recent times for the alcoholic beverages sector. According to the latest performance summary, the tax target for 2025, excluding production tax on exports, was set at LKR 227.4 billion, while actual collections reached LKR 232.9 billion, achieving 102.4% of the target. Including production tax on exports, revenue climbed to LKR…
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