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Sri Lanka to forego Rs.28.4bn in next year on income tax, CESS, VAT revisions

EconomyNext ·

ECONOMYNEXT – Sri Lanka will see a loss of Rs. 28.4 billion in its revenue next year due to revisions in income tax, Port and Airports Development Levy (PAL), Value Added Tax (VAT), and removal of CESS, the 2027 budget document showed. The government will lose Rs. 16 billion from new tax structure…

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