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Sri Lanka to hike tax rates to increase gov’t revenue

mei 31, 2022by Reacties uitgeschakeld voor Sri Lanka to hike tax rates to increase gov’t revenue

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COLOMBO, May 31 (Xinhua) — The Sri Lankan government announced on Tuesday that it has decided to amend five taxation acts in order to hike tax rates to bring the government revenue back to 2019 levels.

The tax rate hike is expected to involve value added taxes.

Inland Revenue Act, No. 24 of 2017, Value Added Tax Act, No. 14 of 2002, Telecommunication Levy Act No. 21 of 2011, Betting and Gaming Levy Act,

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