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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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SriLankan loses Rs. 12.9 b in Q1
SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...
2024-11-05
The Morning
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Sri Lanka cuts tea export tax, abolishes regulation on promotions
Sri Lanka has cut an export tax on tea to 3 rupees a kilogram and abolished a regulation issued in 2010 dealing with the collection and use of the money for promotions, according a government notice.
2021-12-16
economynext
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Budget 2022 passed
The Third Reading of the Appropriation Bill 2022 was passed with a majority of 93 votes on Friday (10). The voting took place at 6:05 p.m. A total of 157 voted in favour to 64 against. The voting took place at 6:05 p.m. Minister of Finance B...
2021-12-11
Ceylon today
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No Vehicle Imports in 2022 – Basil
Minister of Finance Basil Rajapaksa said the importation of vehicles and new staff recruitments to the public sector will not be permitted in 2022. While noting that efforts should be made to stop the importation of milk powder, Rajapaksa ad...
2021-12-10
Ceylon Today
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Sri Lanka excessive taxes on telecoms had hit rural connectivity: regulator
Excessively high taxation of Sri Lanka telecom firms in recent years had hurt investment in rural areas but internet use had gone up sharply during the Coronavirus pandemic, the regulator said.In 2016 and 2017 telecommunication industry was...
2021-12-09
Economy nEXT
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