- Modernization of Fiscal Infrastructure: Sri Lanka is advancing its 2030 digital economy strategy by prioritizing urgent upgrades to its national tax system, as emphasized by the President during a high-level meeting on July 8, with a focus on enhancing transparency, efficiency, and technological integration.
- Enhancement of RAMIS: A significant aspect of this initiative is the improvement of the Revenue Administration Management Information System (RAMIS), which serves as the foundation of the country’s digital tax environment. The government is exploring locally sourced technical solutions to address current system limitations.
- Deployment of Point-of-Sale Systems: The adoption of point-of-sale (POS) systems for real-time transaction tracking is central to the plan, aiming to support accurate reporting, reduce tax evasion, and enhance compliance within the retail and service sectors.
Source Comarch
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