In Sri Lanka, people know that there is plenty of excess spending. There are also serious doubts about the gross domestic product calculations, which will tend to reduce the tax to GDP ratio. When work in progress was added to GDP for example there are no taxes. In the case of Sri Lank...
People stand in a queue to buy diesel fuel at a petrol station in Sri Lanka (AFP / Ishara S. KODIKARA) The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluation and higher taxes to revive the almost bankr...
“China expressed its readiness to continue supporting Sri Lankan enterprises in the tea, gem and other industries in establishing ties with relevant Chinese associations of importers and exporters, facilitate Sri Lanka’s participation in expos such as the China International Import Expo, China I...
Gordon, Daniel V.Rankaduwa, WimalJournal of Development StudiesGordon, D. V., & Rankaduwa, W. (1992). Trade, taxes and debt repayment in Sri Lanka. The Journal of Development Studies, 29(1), 148-165.Gordon DV, Rankaduwa W (1992) Trade, taxes and debt repayment in Sri Lanka. J...
1. Rs. 190,000 for women and Rs. 240,000 for seniors. 2. An education cess of 3% is applicable. 3. (a) Tax exemption on interest in Non-Resident (external) Account and on interest payable by a scheduled bank to Non-Resident Indians (NRI's). (b) Tax exemption on the interest pa...
He told reporters today (March 14) that the reason for the recent fuel price hike in Sri Lanka was not prompted by the rise in global oil prices. Gammanpila said that mismanagement of Sri Lanka’s reserves, as well as the forced controls on the rupee, was instrumental in causing the pr...
Sri LankaLK15%GST TaiwanTW5%GST ThailandTH7%GST VietnamVN8%VA Australia Enabling tax collection in Australia will apply 10% GST to all taxable plan, add-on or adjustment line items for customers in Australia. Tax RegionTax TypeTax RateMinimum Address Requirement ...
Sri Lanka LK 15% GST Taiwan TW 5% GST Thailand TH 7% GST Vietnam VN 8% VA Australia Enabling tax collection in Australia will apply 10% GST to all taxable plan, add-on or adjustment line items for customers in Australia. Tax RegionTax TypeTax RateMinimum Address Requirement AU GST 10%...
Citing a report in the New York Times, I wrote two days ago about how excessive government spending is the real reason for economic and political turmoil in Sri Lanka and Bolivia. Kenya and Pakistan also were featured in the story, but I didn’t focus on those countries because I had pre...
In Sri Lanka, a sugar-specific or volume-specific tax applies, whichever is higher. All remaining specific excise taxes are based on volume only (54 of 59 [92%]). Ecuador applies a mixed excise tax combining ad valorem and sugar-specific components (10% ad valorem tax applies on lower-...