Category: Sri Lanka

2019 cut to 8% may have to be reversed as country faces worst economic crisis The drop in revenues during the COVID-19 crisis may force the government to reverse the reduction in VAT in 2019 from 15% to 8% the finance minister has said. This

New tax hikes and levies on range of supplies confirmed by Parliament – 1 January 2022 implementation The drop in revenues during the COVID-19 crisis has forced the government to propose a range of tax rises as the economy begins to recover. The country enjoyed