US EditionGovt to Roll out Wealth and Property Taxes to Ease Burden on Poor - LNW Lanka News Web
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Softer approach needed to ease public burden, urges Lim
AIR Putih assemblyman Lim Guan Eng has expressed deep concern over the recent 14% hike in electricity tariffs for non-domestic users, along with the added financial burden from new taxes under the expanded Sales and Service Tax (SST) and the 25% tariff imposed by the United States. He said the combined impact of these...
Govt to Roll out Wealth and Property Taxes to Ease Burden on Poor - LNW Lanka News Web
In a major shift toward progressive taxation, the Sri Lankan government is preparing to implement sweeping reforms to its tax system that will place a greater burden on wealth and property, aligning with International Monetary Fund (IMF) recommendations. The move is aimed at easing pressure on lower-income citizens and improving revenue collection from high-income earners. According to the IMF’s Fourth Review under the Extended Fund Facility (EF…
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