tax

Verite Research Recommends Indexation Policy for Cigarette Taxing
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Published on Ceylon Today To reduce Cigarette consumption, while also increasing State revenue and maintaining profit for the Tobacco Company, a study by Verite Research recommends an optimal tax policy which could be indexed to inflation and real GDP growth,...
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Sub-optimal Tobacco Tax Policy Loses Rs. 20 B Revenue – Verite Research
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Published on Ceylon Today Sri Lanka currently loses an estimated Rs. 20 billion in revenue due to the sub-optimal nature of the country’s tobacco tax policy, says Verite Research. During a webinar it has organized, the research institute and think-tank...
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Seeking a Systematic Tax on Cancer Sticks
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Published on The Morning Hiking the price of cigarettes to increase govt. revenue and reduce tobacco consumption Reliefs and price decreases are generally expected from a budget in the Sri Lankan context; people almost never ask for taxes or price...
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Revenue Enhancement Measures Critical in Budget 2022: Verité
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Published on The Morning Advises to expand tax base instead of increasing tax rate  According to former Economic Advisor to the Minister of Finance and Verité Research Director – Research Deshal de Mel, while revenue enhancement measures will be a...
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ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast
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Executive Director Nishan de Mel speaks to Hiru News on the recently imposed import restrictions and their effect on government revenue, advocating ultimately for sound and critical policy analysis.
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Tax Amnesty: The New Tax Scandal
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Published in the DailyFT Sri Lanka’s overall tax system of indirect taxes means that the poor disproportionately pay more in taxes than a wealthier family. The Finance Bill codifies this  The gazetted Finance Bill is an unfair piece of legislation...
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Proposed Tax Amnesty: Exercising Caution in Income Generation
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Published on The Morning  Govt. expects $ 500 m income through tax amnesty: Cabraal Important for people to submit their taxable supplies: IRD Chief Amnesties granted on previous occasions have failed: Dr. Wijewardena While the Government states it expects to...
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Effectiveness of Tax Amnesty in Sri Lanka
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Published in the DailyFT On 9 July 2021, the government gazetted a new finance bill aimed to indemnify individuals who voluntarily disclose their hitherto undisclosed income—that is to a provide a tax amnesty. A tax amnesty is a limited-time opportunity...
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Loopholes hamper outcome of import tax relief programs – Study
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Tax exemptions come as a shot in the arm for businesses saddled with various taxes such as Import Duty, Import Cess, Port and Airport Development Levy, Nation Building Tax (NBT) and Value Added Tax (VAT) which are key revenue sources...
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Import taxes
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Import taxes are an important part of an economy. They provide tax revenue, raw materials and products that directly affect the lives of people. However, a recent study has found that Sri Lanka’s import tax exemption schemes are too opaque,...
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