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Changes in Tax Structure Leads to Shrinking Tax Base across Various Taxes
(Verité Research, 2022-08-06)
Sri Lanka experienced a significant change in its tax system for the year 2020. These changes have led to a considerable shrinking in Sri Lanka’s tax base across various taxes. A narrow tax base increases tax administration ...
Share of Foreign debt has increased to 47% of total debt by April 2022
(Verité Research, 2022-08-16)
Foreign debt as a percentage of total outstanding government debt increased from 37% at the end of 2021 to 47% in the first quarter of 2022. On average for the past decade domestic debt has accounted for 56% and foreign ...