Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst ever economic crisis.
In an exclusive interview, Ali Sabry conceded the government made a mistake when it almost halved the rate of value added tax (VAT) to 8% in 2019.
Source: bbc.com
Latest Posts in "Sri Lanka"
- Sri Lanka Advances Tax Digitization with Electronic Invoicing to Boost Transparency and Economic Growth
- Sri Lanka Launches National E-Invoicing System to Modernize Tax Infrastructure
- ICCSL Examines Business Readiness and Challenges of New VAT Invoice Implementation in Sri Lanka
- New Exemption for VAT-Liable Financial Services in 2025 Social Security Contribution Levy Amendment
- Sri Lanka Unveils Three-Phase Electronic Invoicing Reform to Modernise VAT and Boost Digital Economy
