Unions warn of Rs. 300b loss if tax amnesty is not changed

Inland Revenue Department (IRD) officials have called on Finance Minister Basil Rajapaksa to reduce the period for the proposed tax amnesty for undisclosed income, warning that the government could lose a revenue of up to Rs 300 billion.

https://www.sundaytimes.lk/210815/news/unions-warn-of-rs-300b-loss-if-tax-amnesty-is-not-changed-452616.html

Sunday Times

2021-08-15

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IMF calls on government to increase social spendin...

The IMF urged Sri Lanka to enhance social spending and ensure inclusive economic growth while maintaining fiscal discipline and meeting reform targets under its Extended Fund Facility. ...

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Vehicle imports could be a ‘very good source of re...

The IMF suggests lifting vehicle import restrictions as a potential revenue source for Sri Lanka, emphasizing careful management to protect foreign exchange reserves.

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Third review approved by IMF, SL to get next US$ 3...

IMF and Sri Lanka agreed on the third review of the Extended Fund Facility (EFF), unlocking US$333 million, subject to conditions.

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