COLOMBO, May 5 (Xinhua) — Sri Lanka has lost around 1 million taxpayers following tax cuts introduced in late 2019, Finance Minister Ali Sabry told the parliament on Thursday.
The minister said that the country had 1.5 million taxpayers in 2019, which declined to 1.036 million in 2020.
“By the end of 2021 the number had fallen to 412,000 taxpayers. It is a big problem,” the minister said.
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