tax

Verité Research Sri Lanka Economic Policy Group recommends immediately reinstating PAYE and WHT tax collection methods and implementing the formula on cigarette taxation
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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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State Revenue: What Happened to the Tax Amnesty?
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Published on The Morning IRD refuses to provide info on tax amnesty funds Tax amnesties in SL have been ineffective: Think tank Balance between voluntary tax compliance and deterrence needed The Government of Sri Lanka last year presented a controversial...
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Relief Package a Real Relief or an Economic Destabiliser?
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Published on The Morning The Cabinet last week approved a relief package worth Rs. 229 billion presented by the Minister of Finance. For Gayathri (35) (not her real name), it brought much joy going into the new year as she...
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Budget Fails to set up Stable Fiscal Regime – Verite Research
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Published on Sunday Observer  The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...
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Budget and Tax
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Published on DailyFT Coinciding with the third reading of Budget 2022 today, Verité Research this week released a public report detailing the research organisation’s analysis on the estimates and assumptions used in the formulation of the Budget. In it, Verité...
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Budget 2022 Fails in Critical Outcomes: Verité Research
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Published on DailyFT Releases public report ahead of third reading of Budget in Parliament tomorrow Opines Budget has failed to establish a stable fiscal regime, credibility in its fiscal projections and build confidence for global markets and rating agencies Budget...
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Budget Fails to Establish Stable Fiscal Regime: Verité Research
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Published on The Morning Issuing a public report on Budget 2022 ahead of third budget reading, Colombo-based think tank Verité Research said that Budget 2022 fails in establishing a stable fiscal regime. “In January 2020, a new tax structure was...
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Verité Research releases Public Report on Budget 2022 ahead of third Budget reading
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2022 will be a pivotal year in Sri Lanka's external debt management and the economy as a whole. The budget 2022, currently being debated in parliament, provides an opportunity to map a path out of Sri Lanka's prevailing economic troubles....
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SL May Again Need to Impose New Taxes in Budget 2023 – Deshal de Mel
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Published on Ceylon Today One-off taxes proposed in Budget 2022 may not be sustainable in bridging Budget deficits, noted Research Director of Verite Research, Deshal de Mel. Speaking exclusively to Ceylon FT, Mel noted that Sri Lanka may again have...
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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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