- Presidential Call for Tax System Enhancements: Sri Lanka’s President has urged for upgrades to the tax system and increased digitalization to support the country’s digital economic goals for 2030, emphasizing the need for efficient and transparent tax administration.
- Focus on Infrastructure and Compliance: The discussion included plans to improve the Revenue Administration Management Information System (RAMIS), address its challenges, adopt Point of Sale (POS) systems, and enhance compliance measures to minimize the tax gap and streamline processes.
- Objectives for Broader Tax Base: These initiatives aim to expand the tax base and facilitate tax compliance among the public, ultimately supporting the country’s economic recovery and growth amidst ongoing challenges.
Source Pagero
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Sri Lanka"
- Sri Lanka Introduces Risk-Based VAT Refund Scheme Effective October 2025
- Sri Lanka Delays 18% VAT on Non-Resident Electronic Services to April 2026
- Exporters Concerned Over VAT Transition Impact on Cash Flow and Export Competitiveness
- Sri Lankan Business Chambers Challenge SVAT Removal in Court Over Lack of Refund Mechanism
- Sri Lanka Abolishes SVAT, Introduces Risk-Based VAT Refund Scheme Effective October 2025