To reach a primary fiscal surplus of 2.3 percent of GDP by 2025, Sri Lanka will revamp the property tax system and introduce a wealth transfer tax.
In particular, Sri Lanka will introduce a nationwide real property tax, and adjust the system of transfers between the central and provincial govern
Colombo, Mar 21 (EFE).- The International Monetary Fund has approved a much-awaited bailout package worth $3 billion for Sri Lanka, officials of the international body confirmed on Tuesday, announcing aid that was termed “critical” by the Sri Lankan government to tackle the severe economic crisis affecting the country. “Today, the IMF Executive Board approved a …
After Sri Lanka secured the $2.9 billion International Monetary Fund (IMF) bailout, the global lender emphasised on the importance of anti-corruption and governance reforms to obtain the package amid the ongoing economic crisis in the island .