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The tax revenue to GDP ratio is just about 11.6 percent as of 2018, which is one of the lowest rates among the upper-middle income earning countries. [2] At present, the government of Sri Lanka also face major challenges regarding the continuous budget deficits where government expenditures have exceeded the government tax revenue. [3]
Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank; Imports and Exports Control Department; Inland Revenue Department; Insurance Board of Sri Lanka; Kandurata Development Bank; Lanka Puthra Development Bank; National ...
Inland Revenue Department may refer to the following government departments responsible for taxation: Inland Revenue Department (Hong Kong) Inland Revenue Department (Nepal) Inland Revenue Department (New Zealand) Inland Revenue Department (Sri Lanka), housed in Clan House, Galle
The Prevention of the Avoidance of Income Tax Act (No 26 of 1970), was an act passed in the Parliament of Ceylon in on 26 October 1970 that demonetized all currency notes in circulation in the island at the time with the denominations of Rupees 50 and 100.
The parliament of the Sri Lanka has set of ministers. They are categorized either as the ministers of cabinet and non cabinet. According to the 19th amendment the number of cabinet ministers is limited to 28.
Gamini Waleboda (born 28 October 1967) is a Sri Lankan politician and Member of Parliament. [1] Waleboda was born on 28 October 1967. [1] He has bachelor and postgraduate degrees from the University of Colombo. [2] He was served on the Board of Investment of Sri Lanka and worked for the Inland Revenue Department where he was deputy commissioner ...
The Sri Lanka Exhibition and Convention Centre is located on the waterfront, further the People's Bank and the Inland Revenue Department headquarters are located in close to the lake.St. Joseph's college Colombo, the only school in Sri Lanka to have its very own Rowing pier is situated on the banks of the Beira lake.
Inland Revenue Department imposed an LKR1.5 billion tax bill on Asiri Surgical Hospital, a subsidiary of Asiri Hospitals in 2016. Inland Revenue Department alleged that Asiri Surgical failed its agreement with the Board of Investment of Sri Lanka by not maintaining one ward with at least 10 beds and an outpatient unit for non-paying patients. [13]