US, Ukraine sign memorandum as first step to minerals deal

Ukraine said on Thursday that Kyiv and Washington had signed a memorandum as an initial step towards clinching an agreement on developing mineral resources in Ukraine, a deal promoted by U.S. President Donald Trump.

Trump said the accord could be signed next week.

Yulia Svyrydenko, Ukraine’s first deputy prime minister and economy minister, wrote on...

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E-filing of VAT returns mandated from July 2025

The Inland Revenue Department (IRD) says that all Value Added Tax (VAT) returns must be filed electronically from July 01, 2025. 

Meanwhile, manual filed return submissions will only be allowed under exceptional circumstances approved by the Commissioner General, the IRD noted.

Earlier today (17), the IRD announced that locally produced liquid milk...

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Maldives bars travelers with Israeli passports over Gaza war

The Maldives has changed its immigration law to bar people from entering the country with Israeli passports in a show of outrage over the war in Gaza.

The amendment was passed by Parliament on Monday and approved by President Mohamed Muizzu on Tuesday, according to a statement from the president’s office.

The Maldives immigration service clarified...

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Final New Year ritual observed today; Special transport services in operation

The final ritual of the Sinhala and Tamil New Year, leaving for work, is being observed today (17) at the auspicious time of 9.03 a.m.

According to the tradition, individuals are advised to wear golden-colored clothing, consume milk rice prepared with cow’s milk, and begin their journeys facing the north during the auspicious time. This marks the c...

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Boat catches fire in Congo and capsizes, leaving at least 50 people dead, hundreds missing

A boat has capsized after catching fire in northwestern Congo, leaving at least 50 people dead and hundreds missing, a local official said on Wednesday.

Dozens were saved following the accident on the Congo River late on Tuesday night, many of them with bad burns. The search for the missing was underway Wednesday with rescue teams supported by the...

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VAT exempted on locally produced milk and yogurt; digital services and traders face new tax changes

The Inland Revenue Department (IRD) announced that locally produced liquid milk and yogurt are now exempted from Value Added Tax (VAT), following the enactment of the Value Added Tax (Amendment) Bill.

In a statement issued this week, the department clarified that the VAT exemption came into effect on April 11, the day the bill received...

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