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National Budget Process in 60 Seconds!
The video below describes the National Budget process from planning to oversight. There are 4 steps to the whole process and is carried out between January and December.
Featured Insight
National Budget Process in 60 Seconds!
The video below describes the National Budget process from planning to oversight. There are 4 steps to the whole process and is carried out between January and December.
Featured Insight
National Budget Process in 60 Seconds!
The video below describes the National Budget process from planning to oversight. There are 4 steps to the whole process and is carried out between January and December.
Featured Insight
National Budget Process in 60 Seconds!
The video below describes the National Budget process from planning to oversight. There are 4 steps to the whole process and is carried out between January and December.
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Government Revenue Loss due to the Sugar Tax Cut
The Special Commodity Levy (SCL) on imported sugar was reduced from LKR 50/kg to LKR 0.25/kg on the 13th of October 2020. This was intended to reduce the price of sugar in the domestic market. The cumulative loss of government revenue was ov...
2023-03-07
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Cigarette Taxation Formula – The Cost of Forgetting
In 2019 the government introduced a policy where taxes and prices on cigarettes would be based on an indexation formula. Forgetting to implement the policy is costly: it has resulted in a foregone revenue of 85 billion from 2020-2022 and will cost a further 45 billion...
2022-09-30
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Changes in Tax Structure Leads to Shrinking Tax Base across Various Taxes
Sri Lanka experienced a significant change in its tax system for the year 2020. These changes have led to a considerable shrinking in Sri Lanka’s tax base across various taxes. A narrow tax base increases tax administration costs and reduces revenue collection....
2022-09-06
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Budget Obfuscates Benefit From Cigarette Tax Increase
Tax on Cigarettes is proposed to be increased with immediate effect. As a result, the price of a cigarette will increase by Rupees five (5).
2021-12-07
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Taxing the Digital Economy
The Minister of Trade, Mr. Bandula Gunawardena recently stated that the Sri Lankan Government is contemplating introducing a system to regulate the online business platforms and bring some of them under its tax...
2021-09-23
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