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Erosion of the Tax Base: A 33.5% decline in registered Taxpayers from 2019 to 2020
There has been a decline in Sri Lanka's tax base between 2019 and 2020 with 33.5% decline in the number of registered taxpayers (corporate and individual) in the country. This decline is most probably associated with the major changes in tax policy introduced in December 2019, particularly the increase in thresholds for Value Added Tax (VAT) and the abolition of Pay As You Earn (PAYE) tax.
Featured Insight
Erosion of the Tax Base: A 33.5% decline in registered Taxpayers from 2019 to 2020
There has been a decline in Sri Lanka's tax base between 2019 and 2020 with 33.5% decline in the number of registered taxpayers (corporate and individual) in the country. This decline is most probably associated with the major changes in tax policy introduced in December 2019, particularly the increase in thresholds for Value Added Tax (VAT) and the abolition of Pay As You Earn (PAYE) tax.
Featured Insight
Erosion of the Tax Base: A 33.5% decline in registered Taxpayers from 2019 to 2020
There has been a decline in Sri Lanka's tax base between 2019 and 2020 with 33.5% decline in the number of registered taxpayers (corporate and individual) in the country. This decline is most probably associated with the major changes in tax policy introduced in December 2019, particularly the increase in thresholds for Value Added Tax (VAT) and the abolition of Pay As You Earn (PAYE) tax.
Featured Insight
Erosion of the Tax Base: A 33.5% decline in registered Taxpayers from 2019 to 2020
There has been a decline in Sri Lanka's tax base between 2019 and 2020 with 33.5% decline in the number of registered taxpayers (corporate and individual) in the country. This decline is most probably associated with the major changes in tax policy introduced in December 2019, particularly the increase in thresholds for Value Added Tax (VAT) and the abolition of Pay As You Earn (PAYE) tax.
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Citizens Budget 2021- Eastern Province
A Citizens Budget is the only document developed by the government that is exclusively for the public. This document presents the budget in a much simpler and a less technical format to build a better understanding of how public finances are managed and used by the government. This document therefore is vital in the understanding of the for public accountability and increasing inclusive civic participation.
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Citizens Budget 2019- Eastern Province
A Citizens Budget is the only document developed by the government that is exclusively for the public. This document presents the budget in a much simpler and a less technical format to build a better understanding of how public finances are managed and used by the government. This document therefore is vital in the understanding of the for public accountability and increasing inclusive civic participation.
View Report