ECONOMYNEXT – Sri Lanka has lost about a million tax payers over two years following tax cuts made in December 2019 to stimulate the economy, Finance Minister Ali Sabry told parliament. In 2019 Sri Lanka has had 1.5 million tax payers and by 2020 the number had fallen to 1.036 million. B...
Sri Lanka's Tax Reform: Addressing Fiscal Challenges and Tax Efficiency IMF tax VAT BRI fiscal stability time: 2024-11-22 13:38:01 views: 11456 Pioneering Digital Payments inSri Lanka's Distribution Chains Payment BRI IFC Sri Lanka time: ...
Colombo +0094 11; Sri Jayavardhanapura +0094 1
COLOMBO, Jan. 20 (Xinhua) -- Sri Lanka registered a 21 percent increase in tax revenue collection in 2019 compared to 2018, local media quoting Inland Revenue Department (IRD) Commissioner General Nadun Guruge said here on Monday. According to Guruge, the IRD provisionally collected 4.3 billion...
Sri Lanka’s last International Monetary Fund program went on an unusual direction in a socialist or statist track involving so-called ‘revenue based fiscal consolidation’ or bringing the deficit down by taking the tax take (revenue to GDP) to some arbitrary number, and putting the ent...
COLOMBO, May 31 (Xinhua) -- The Sri Lankan government announced on Tuesday that it has decided to amend five taxation acts in order to hike tax rates to bring the government revenue back to 2019 levels. The tax rate hike is expected to involve value added taxes. Inland Revenue Act, No....
Wijesinha (2012b), Tax reforms in Sri Lanka: will a tax on public servants improve progressivity? Partnership for Economic Policy.Arunatilake, N., P. Jayawardena, A. Wijesinghe, N. Perera, 2011, "Tax Reforms in Sri Lanka, Will a Tax on Public Servants Improve Progressivity", Institute of...
Retail Banking and Wealth Management – Sri Lanka There are a number of substantial changes being made by financial regulators, governments and banks to ensurethe protectionandlong-termsafety of both the financial system and our customers’ interests. ...
IMF Urges Sri Lanka to Tighten Monetary Policy, Raise Tax to Address Debt Woes More Reuters FILE PHOTO: Demonstrators shout slogans against Sri Lanka's President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lan...
Income Tax Act Sri Lanka For Company Tax: Well, it can be pretty obvious to think that he rates for company taxation is significantly higher than that of any other taxation in the country. As per the rules and regulation of Income Tax Act Sri Lanka, a resident company has to pay followi...