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Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
India enforces withholding tax also on payments between companies and not just from companies to individuals, under the Tax Deducted at Source (TDS) system. (Since April 2016, the United Kingdom has discontinued withholding tax on interest and dividends, though in some cases this income will become liable for taxation through other means). [8]
In 2023, it was revealed that a PwC partner, who was a member of consultation groups set up by the Australian Treasury to improve tax laws, had been leaking confidential government tax plans to PwC. The data leaked by the PwC partner included new taxation rules to close loopholes which allowed multinational companies to avoid paying tax.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is a professional accountancy body in Sri Lanka.The Institute was established by Act of Parliament, No. 23 of 1959 as the sole organisation in Sri Lanka with the right to awarding the Chartered Accountant designation.
Sri Lanka-China relations started as soon as the People's Republic of China was formed in 1949. The two countries signed an important Rubber-Rice Pact in 1952. [247] Sri Lanka played a vital role at the Asian–African Conference in 1955, which was an important step in the crystallisation of the NAM. [248]
[citation needed] SAFE consists of 17 exchanges from India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan. Its primary objectives are to encourage cooperation among its members to promote the development of their individual securities markets, to develop an integrated regional stock trading system, and to offer to list and trade securities ...
The Western Region Megapolis is an urban planning, zoning, and development area stretching from Negombo in the north to Beruwala in the south. It is designed to create a megapolis in Sri Lanka's Western Province by 2030. [1] The plan was created by Surbana in cooperation with local experts.
A Government Agent (GA) or a District Secretary is a Sri Lankan civil servant of the Sri Lanka Administrative Service appointed by the central government to govern a certain district of the country. [1] The GA is the administrative head of public services in the District. As Sri Lanka has 25 districts, [2] there are 25 governments agents at any ...