Sri Lanka to make income tax files compulsory

Sri Lanka will make income tax registration compulsory for everyone above 18 years, President Ranil Wickremesinghe is presenting a revised budget.

Sri Lanka is trying to raise taxes and reduce the deficit, expanding the state sector steeply since 2005 under the Rata Perata framework and seeing higher monetary instability under flexible inflation targeting.

Economy Next

2022-08-30

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