June 2022

Verité Research Sri Lanka Economic Policy Group recommends immediately reinstating PAYE and WHT tax collection methods and implementing the formula on cigarette taxation
These are immediate simple efficiency measures that will increase tax collection by LKR 229 BN for 2023, and proportionately for the rest of 2022.  Sri Lanka ran out of foreign currency reserves and suspended debt re-payment in April 2022. People’s...
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