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Featured Insight
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
Featured Insight
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
Featured Insight
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
Featured Insight
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
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அரச வருமானம் தொடர்பான பகுப்பாய்வுகளும் விரிவான பார்வைகளும்.
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT r...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Sunday Times
Govt. to increase income tax threshold by Rs. 50k
The Sri Lankan government plans to raise the income tax threshold from Rs. 100,000 to Rs. 150,000 per month starting next month. This measure aims to encourage more people to register for mandatory income tax, enhancing tax system transparen...
மேலும் வாசிக்க
Source:
Daily News
Social Security Tax to replace NBT from October 1
The Inland Revenue Department stated that those with a turnover of more than Rs.120 million per year should register in their department for the Social Security Tax Act to be implemented from October 1. Those with a turnover of more t...
மேலும் வாசிக்க
Source:
Daily News
Tourism rakes in US$ 462 mn in first three months
Sri Lanka has earned US$ 462 million from tourism in the first three months of this year. If the trend continues, by the end of this year, the tourism industry is expected to generate over US$ 2.5 billion in revenue, Tourism Ministry Secreta...
மேலும் வாசிக்க
நுண்ணறிவு வருமானம்
Sri Lanka’s Revenue Turnaround: What Cha...
Between 2021 and 2024, Sri Lanka’s...
How Sri Lanka Spent, Earned, and Borrowe...
The recently released CBSL Economic revie...
Sri Lanka's rubber product exports to th...
On 2 April, US President Donald Trump imp...
அமெரிக்காவின் புதிய வரி விதிப்பு காரணமாக...
ஏப்ரல் 2 ஆம் திகதி, அமெரிக்க ஜனாதிபதி டொன...
Government revenue set to rise by LKR 92...
VAT revenue is projected to rise by LKR 3...
Sri Lanka’s new personal income tax stru...
In his recent address to Parliament, the...
Tax policy proposals announced by the pr...
In his parliamentary speech on December 1...
இலங்கையின் அதிக வரி விகிதமும் குறைந்த வர...
இலங்கையில் கூட்டிணைந்த வருமான வரி (CIT) வ...
Government revenue rose during the first...
During the first eight months of 2024, go...
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தெற்காசிய நாடுகளுக்கிடையே இலங்கையிலேயே அதியுயர் பண...
இலங்கை மிக மோசமான பொருளாதார நெருக்கடியை எதிர்கொண்ட...
மேலும் வாசிக்க
Is Maldives going down Sri Lanka's path?: Concern...
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the large...
மேலும் வாசிக்க
Schrodinger’s Banks: The Immediate Need for Polici...
This article was compiled by Professor Udara Peiris. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Fi...
மேலும் வாசிக்க