IRD warns of more revenue loss; urgent tax reforms not done

Secretary of the Inland Revenue Service Union (IRSU), told the Sunday Times that the IRD’s revenue had fallen from Rs1,025 billion in 2019 to just Rs 424 billion in 2020, due to the Government’s decision to drastically slash existing taxes and remove some taxes altogether.

https://www.sundaytimes.lk/211031/news/ird-warns-of-more-revenue-loss-urgent-tax-reforms-not-done-460435.html

Sunday Times

2021-10-30

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