A new Inland Revenue Bill is being discussed right now with the intention of passing it in Parliament before the end of this month. Finance Minister Mangala Samaraweera mentioned that in Sri Lanka indirect taxes currently account for 80 percent of tax revenue with 20 percent accounting for direct taxes.
by Asela Atukorala
( August 21, 2017, Colombo, Sri Lanka Guardian) When it comes to the recent state of events in Sri Lanka, especially relating to politics, there has been a lot of talk of negative issues. Recent negative issues include the constant strikes burdening the public, the garbage problem, the threat of dengue and economic issues that include the cost of living & the debt repayment Sri Lanka is going through. I’m writing this article to point out that while there are negative issues occurring, there are also positive issues occurring. I’ve seen what appears to be an increase of positive incidents in Sri Lanka politically over the last three months and will be listing some of them.
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Source URL: Sri Lanka Guardian