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VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
විදසුන්
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
විදසුන්
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
විදසුන්
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expected from increasing the VAT rate and reducing exemptions on it. In short, the country expects to make more organisations pay a higher rate of VAT for a larger set of goods and services.
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IMF says debt deal key to restoring debt sustainability
Sri Lanka has signed agreements with China and other creditor nations to restructure approximately US$10 billion in bilateral debt, a significant step towards restoring debt sustainability, according to the IMF. The cou...
2024-06-28
Daily Mirror
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$400M allocated for local fertiliser production
The Government decided to use the sum of USD 400 million allocated to import chemical fertilisers to produce organic fertilisers locally. Accordingly, funds will be allotted to build equipment needed for manufacturing fertiliser and tasked t...
2021-06-06
Ceylon Today
වැඩිදුර කියවන්න
Express way to be listed on CSE via state-owned biz. entity
The government is planning to list the country’s expressways and related assets via a State-owned business entity in the Colombo Stock Exchange (CSE) similar to Selendiva Investments Limited, which was established to hold key State-own...
2021-06-04
Daily Mirror
වැඩිදුර කියවන්න
Govt. to infuse US$ 500mn to SriLankan Airlines as equity
The government will infuse as much as US$ 500 million to SriLankan Airlines during the next five years adding much required capital to the national carrier, which is undergoing restructuring since last year, while retaining control under the...
2021-06-04
Daily Mirror
වැඩිදුර කියවන්න
Bangladesh - Sri Lanka Currency Swap increased to US$ 250 mn
Bangladesh’s currency swap agreement with Sri Lanka will be completed by next month, a top official of Bangladesh Bank said. A total of US$ 250 million would be provided on the deal set in motion during Sri Lankan Prime Minister M...
2021-06-04
Daily News
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