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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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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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Concluding debt restructuring sooner than later critical for SL: Katsuki
Japan, as Sri Lanka's significant bilateral lender, emphasizes the pressing need for the island nation to accelerate its debt restructuring efforts. This urgency stems from the looming International Monetary Fund re...
2024-06-06
Daily Mirror
වැඩිදුර කියවන්න
SL needs to bring down debt below IMF target
Shanta Devarajan stresses the necessity for Sri Lanka to surpass the IMF's debt-to-GDP target of 95%, citing potential economic shocks like Middle East conflicts. Achieving a lower ratio requires boosting the growth rate,...
2024-06-06
The Morning
වැඩිදුර කියවන්න
IMF 2nd review: Exec. Board to meet on 12 June
The IMF Executive Board will discuss Sri Lanka's Article IV Consultation and second review under the Extended Fund Facility (EFF) on June 12.
2024-06-04
The Morning
වැඩිදුර කියවන්න
Sanctions, incentives crucial for Public Financial Management Act’s success: CASL
Sri Lanka's new fiscal management act needs strong enforcement with sanctions and incentives to avoid past failures. Sanctio...
2024-06-03
Daily Mirror
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