Sweeping changes to personal and corporate income tax

Sri Lanka this week gazetted key income tax changes proposed in May, giving effect to a host of personal and corporate income tax hikes while removing concessions and exemptions, with a view to raise government revenues to fix the budget under an International Monetary Fund (IMF)-backed economic rescue programme.

Daily Mirror

2022-10-13

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IMF third tranche hinges on proposed PFM Act: Dr....

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