මේ පාර අයවැයෙන් tax සතපහක් අඩු වෙන්නෙ නෑ, පේන විදියට වාහන වලට ගහපු අධිබාරයත් එහෙමම ශේප් එකේ තියන් යයි 
Businesses should not bank on tax cuts in the 2027 Budget, the Treasury has signalled. The Government is instead relying on reforms, digitised tax administration and a World Bank-backed strategy targeting 7% growth to lift the economy.
Treasury Secretary Dr. Harshana Suriyapperuma was speaking yesterday at the Sri Lanka Economic and Investment Summit. He was answering a question on whether the Budget would ease corporate tax, VAT and the Social Security Contribution Levy (SSCL), which businesses say are among the highest in the region and are holding back investment.
“The reason Sri Lanka is at that point is not by choice. As a nation, we were forced to that point because of the reckless way the economy was managed, without foresight or insight,” he said.
Dr. Suriyapperuma said revenue measures were performing as expected and had lifted the revenue-to-GDP ratio from about 7% to 16%. Interest payments, which absorbed 80% of revenue two to three years ago, have fallen to 40% this year. He said the revenue was being returned to the community through welfare payments, the diesel subsidy and Rs. 96 billion in SME lending this year, most of which went to micro, small and medium enterprises.
Read The DailyFT for more: www.ft.lk
Businesses should not bank on tax cuts in the 2027 Budget, the Treasury has signalled. The Government is instead relying on reforms, digitised tax administration and a World Bank-backed strategy targeting 7% growth to lift the economy.
Treasury Secretary Dr. Harshana Suriyapperuma was speaking yesterday at the Sri Lanka Economic and Investment Summit. He was answering a question on whether the Budget would ease corporate tax, VAT and the Social Security Contribution Levy (SSCL), which businesses say are among the highest in the region and are holding back investment.
“The reason Sri Lanka is at that point is not by choice. As a nation, we were forced to that point because of the reckless way the economy was managed, without foresight or insight,” he said.
Dr. Suriyapperuma said revenue measures were performing as expected and had lifted the revenue-to-GDP ratio from about 7% to 16%. Interest payments, which absorbed 80% of revenue two to three years ago, have fallen to 40% this year. He said the revenue was being returned to the community through welfare payments, the diesel subsidy and Rs. 96 billion in SME lending this year, most of which went to micro, small and medium enterprises.
Read The DailyFT for more: www.ft.lk
