President directs attention to low direct taxes
In other countries, most of the taxes are collected from a higher income bracket. In 2021, in India – 50% direct tax…Bangladesh – direct tax 32%...Nepal – direct 31%....69%. Indonesia – direct tax 40%...Vietnam – direct tax 31%...Thailand – direct taxes 37%...Malaysia – direct tax 66%...However the situation in our country is different. In 2021, our direct tax was 21% while indirect was 79%. We should take action to rectify this tax divergence. Then, the tax burden on the general public will be reduced.
The government’s policy statement from the President’s Media Division | February 8, 2023
Posted on: 17 February, 2023
MP De Silva on target on difficulty of IMF target
The government had reportedly agreed with the IMF to reach a primary account surplus of 2.3% of GDP by 2025. However, the primary account had dropped to around (6%) of GDP during the tenure of President Gotabaya Rajapaksa...It would be a monumental feat to bring the primary account to a surplus of 2.3% of GDP.
Daily FT | September 5, 2022
Posted on: 22 September, 2022
CBSL Governor suitably assesses suitability of EFF for Sri Lanka
An Extended Fund Facility (EFF) - which allows longer repayment periods - may be best suited to the country, it typically requires deeper structural reforms.
Daily News | April 19, 2022
Posted on: 16 June, 2022