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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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Senior citizens’ bank interest income below R...
Senior citizens’ bank interest income below Rs.100,000 exempt from WHT
Daily Mirror
2023-01-11
தொடர்பான தலைப்புக்கள்
Tea Board optimistic about increased crop yield th...
The Sri Lanka Tea Board (SLTB) remains optimistic about reaching 260 million kilograms with the implementation of a Rs.1.2 billion fertiliser subsidy for smallholder farmers this year.
மேலும் அறிந்து கொள்ள
Sri Lanka achieves 106% of tax target
Sri Lanka has exceeded its tax revenue target for the first quarter of 2024, achieving 106% of the set goal. The Inland Revenue Department (IRD), Sri Lanka Customs, and the Excise Departme...
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IMF third tranche hinges on proposed PFM Act: Dr....
The proposed Public Financial Management (PFM) Act is crucial for securing the disbursement of the third tranche of the IMF's $3 billion bailout package.
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