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.

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2022-08-30

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Recap 2024 - 10 key insights by the Public Finance...

As 2024 comes to a close, it’s time to reflect on the year’s key insights brought to you by the Public Finance Platform of Verité Research.

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Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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