Sri Lanka President knew revenues will be lost, VAT cut to remain for 5-years: Jayasundera

Sri Lanka’s President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and an 8 percent tax rate slashed from 15 percent, will remain unchanged for 5 -years, a top official said.

https://economynext.com/sri-lanka-president-knew-revenues-will-be-lost-vat-cut-to-remain-for-5-years-jayasundera-80405/

EconomyNext

2021-04-04

Related News and Insights

Hopeful of Sri Lanka ISB restructuring deal despit...

Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund, has expressed optimism regarding the prospect of a deal with Sri Lanka’s sovereign bond holders, despite encountering "some setbac...

Find Out More

Bondholders’ agreement delay won’t hinder IMF thir...

Former Central Bank Governor Dr. Indrajit Coomaraswamy expressed optimism regarding the disbursement of the third tranche of the IMF's $3 billion bailout package for Sri Lanka, despite potential delays in reaching an agreement with priva...

Find Out More

Govt. gazettes revised Sri Lanka Electricity Bill

The Sri Lanka Electricity Bill, recently published in the gazette and set for presentation to Parliament by Power and Energy Minister Kanchana Wijesekera, marks a crucial step towards reforming the country's electricity...

Find Out More

View All