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Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.
Featured Insight
Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.
Featured Insight
Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.
Featured Insight
Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.
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Revenue
Revenue
Insights and analysis of government revenue.
Interest Costs Have Been Eating Up Revenue
In 2023, for the first time in history, the government spent 9% of its GDP on interest payments, which took up 80% of the government revenue. A high interes...
From The PF Wire
Source:
The Morning
SL to implement imputed rental income tax in 2025
Sri Lanka will implement an Imputed Rental Income Tax in Q2 2025, targeting owners of multiple unoccupied homes to increase state revenue by 0.2% of GDP in 2025 and 0.4% in 2026.
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Source:
Daily Ft
Harsha proposes new PAYE tax scheme focused on pro...
SJB MP Dr. Harsha de Silva has proposed an alternative PAYE taxation system to address the emigration of professionals from the country. The proposal, developed after discussions with the Professionals Trade Union Alliance, aims to create a...
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Source:
Daily Mirror
Cabinet gives approval for 2.5% Social Security Co...
The Cabinet Ministers cleared a bill to introduce a 2.5% social security contribution levy in the budget of 2022 on firms having an annual turnover of more than Rs. 120 million.
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Insight on Revenue
Sri Lanka’s generous tax-free personal i...
Sri Lanka has the highest tax-free income...
Sri Lanka’s quick climb to the top perso...
Sri Lanka imposes its highest tax rate at...
Disparity in personal income tax burden...
Sri Lanka's personal income tax burde...
‘Asset Declarations Penalty Calculator’...
The Anti-Corruption Act No. 9 of 2023 int...
Sri Lankans enjoy most tax-free income i...
The comparison of Sri Lanka’s perso...
2023 Budget's revenue target missed by L...
The Ministry of Finance Annual Report, re...
Interest Costs Have Been Eating Up Reven...
In 2023, for the first time in history, t...
How did the government revenue rise by 5...
The Central Bank's Annual Economic Re...
Revenue Foregone by Government Due to Ta...
For the fiscal year 2022/23 (April to Mar...
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Featured
The Government Has to Repay Yearly an Average of U...
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025.
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Purification Corrupted
Find out how a much-needed water purification project in Sri Lanka became riddled with corruption and abuse of power due to the lack of a national procurement law.For more...
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Economic Policies in an Election Year: Suggested P...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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