Browsing Econ by Subject "Government revenue"
Now showing items 1-7 of 7
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The Alternatives to Universal Tax Registration in Sri Lanka
(Colombo: Verite Research, 2023-02)This note argues that the Sri Lankan government’s recent proposal to implement universal tax registration is neither a viable nor effective strategy to increase the country’s tax revenue. Instead, the note proposes four ... -
Composition of Sri Lanka's Gross Official Reserves
(Colombo: Verite Research, 2022-04-05)The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ... -
Relief Package: What it Entails and How Will it be Financed?
(2022-02-01)In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts ... -
Restoring Efficient Tax Collection Methods: Withholding Tax and Pay-As-You-Earn
(Colombo: Verite Research, 2022-06)The note estimates the additional revenue that can be collected from reinstating in Sri Lanka two methods of efficient tax collection that were discontinued in 2020. That is: the withholding tax (WHT) and the pay-as-you-earn ... -
Shrinking Tax Base Increases Tax Burden on Existing Taxpayers
(Colombo: Verite Research, 2022-03-30)The income tax per person is calculated as the total government revenue from income tax (including PAYE) divided by the total registered taxpayers for income tax which includes Individual Tax Payers and Employees paying ... -
"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution
(Colombo: Daily Mirror, 2023-11-09)On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ... -
Verité Research Debt Update - December 2023
(Colombo: Verite Research, 2023-12-01)This issue provides coverage on Sri Lanka’s debt restructuring and progress on the IMF program. This issue also includes analysis on the 2024 Budget and the need for improved governance for sustainable economic recovery. ...