Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF
Posted by Editor on March 3, 2023 - 7:51 am
The International Monetary Fund (IMF) Mission to Sri Lanka has stated that the new tax reforms in Sri Lanka helps meet the objective of correcting the imbalance of tax revenue and expenditure.
Accordingly, they stated that the new tax rate schedule for the personal income tax helps meet this objective, adding that these new reforms will also help regain the confidence of creditors.
“Only with appropriate tax receipts will the Government will be able to fund essential expenditures, and avoid further slashing of critically important outlays. These reforms will also help regain confidence of creditors,” the IMF said.
Latest Headlines in Sri Lanka
- Anusha Palpita remanded until February 6, 2026 January 23, 2026
- Anusha Palpita arrested by Bribery Commission January 23, 2026
- Johnston Fernando, two sons and others further remanded until January 30, 2026 January 23, 2026
- Paranthan Chemical Factory reconstruction begins after four decades January 23, 2026
- Sri Lanka hospitals affected as GMOA starts 48 hour strike January 23, 2026
