🏛️ Colombo Cuts Entertainment Tax to Boost Creative Sector

The Colombo Municipal Council (CMC) has officially reduced its Entertainment Tax across all categories to support Sri Lanka’s creative industry and make cultural events more accessible. • Tax Reduction Details: The tax on local concerts has been slashed from 12% to 7% under the CMC's 2026 Budget, following the issuance of the official Gazette notification. • Economic & Social Impact: Colombo Mayor Vraie Cally Balthazaar stated the move aims to support local artists, musicians, and the creative industry, while fostering a more vibrant city culture through music, theatre, and sports. • Call to Action: Event organizers are strongly urged to pass these tax savings directly to the public by lowering ticket prices to make entertainment more affordable.