tax

Seeking a Systematic Tax on Cancer Sticks
||
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...
continue reading
Verité Research presents Rational Formula for Cigarette Taxes at latest forum
||
A Rational Formula for Cigarette Taxes: An Alternative to Ad Hoc Taxation was the title of a recent online seminar by Verité Research, on 28th October 2021. The analysis showed that the government is currently forfeiting 20 to 25 billion...
continue reading
Revenue Enhancement Measures Critical in Budget 2022: Verité
||
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...
continue reading
ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast
||
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.
continue reading
Tax Amnesty: The New Tax Scandal
||
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...
continue reading
Proposed Tax Amnesty: Exercising Caution in Income Generation
||
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...
continue reading
Effectiveness of Tax Amnesty in Sri Lanka
||
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...
continue reading
Loopholes hamper outcome of import tax relief programs – Study
||
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...
continue reading
Import taxes
||
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,...
continue reading
Study finds Sri Lanka import tax exemption schemes prone to abuse
||
Sri Lanka’s import tax exemption schemes are not transparent, subject to undue official discretion and prone to abuse, a study by the Verité Research think-tank has found. Called ‘Wading Through Murky Waters’, the think-tank said its findings were a case...
continue reading