Sri Lanka Government Plans VAT and Income Tax Relief for Struggling Citizens

• The Sri Lankan government, led by President Anura Kumara Dissanayake, plans to offer relief on income and Value Added Tax (VAT) to alleviate the financial burden on citizens struggling with high taxes, as discussed with IMF officials.
• President Dissanayake expressed a commitment to the objectives of the ongoing IMF program while advocating for alternative methods to achieve these goals that would lessen the impact on the populace.
• During discussions about the third review of the IMF program, which faced delays due to upcoming General Elections, the President assured the IMF of the government’s dedication to continuing the program and facilitating the review process.

Source: economynext.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---