Tax income rose 51% in first nine months of 2023 versus the same period last year
PHOTO
Sri Lanka is set to unveil new taxes as public revenue continues to be less than the targets set by the International Monetary Fund (IMF), the cabinet spokesperson said on Tuesday.
Tax income rose 51% in first nine months of 2023 versus the same period last year, the spokesperson said, adding that the cabinet has approved an escalation of the value-added tax rate up to 18% with effect from 2024. (Reporting by Uditha Jayasinghe; Writing by Blassy Boben; Editing by Christian Schmollinger)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
