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(Nov 09, 2009) According to recent remarks made by the Treasury Secretary of Sri Lanka, the government is considering reforming the country's tax structure. The purpose of the new policy is said to be to provide relief to those heavily burdened by taxes during the long, recently concluded civil conflict and to create a good environment for investment. P.B. Jayasundara, the Treasury Secretary, stated in a press interview that the tax system might be restructured to better fit the current economic conditions. (Sri Lanka Considering Tax Reforms, COLOMBO PAGE, Nov. 2, 2009, available at http://www.colombopage.com/archive_091/Nov1257179436CH.html.)
Among the steps being considered are reductions on import duties on basic food products such as dhal, sugar, and onions, as well as on vehicles. The government is also thinking of lowering taxes on locally-manufactured products. (Id.)
|Author:||Constance Johnson More by this author|
|Topic:||Taxation More on this topic|
|Jurisdiction:||Sri Lanka More about this jurisdiction|
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Last updated: 11/09/2009