Many taxes to be raised-02.05.2022

The Government will increase income tax, withholding tax, pay-as-you-earn tax(APIT) and value added tax to levels before the 2019 controversial tax cuts which reduced fiscal revenue to a paltry 8.6 percent of gross domestic product when it should be between 13 and 14 percent.

Article Credit : The Sunday Times

Read more : https://www.sundaytimes.lk/220501/news/painful-reform-process-many-taxes-to-be-raised-481566.html