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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.
Sri Lanka needs about 3–4 million metric tonnes annually. Today 30–40% of rice is imported from India. Because Sri Lankan farmers left farming. It cultivates mostly the North Central and East provinces of Sri Lanka. The seasons are called the Maha season and the Yala season. Maha Season starts in September and ends in March.
Vertical equity operates on the principal of people with higher incomes paying more taxes, through progressive tax rates. In progressive taxation, the amount of taxes paid increases with income. In this tax system people are divided in tax brackets, each tax bracket has a different tax rate, with high income brackets paying more taxes.
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest. Helped by a ...
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 ...
Sri Lankan state-sponsored colonization schemes is the government program of settling mostly Sinhalese farmers from the densely populated wet zone into the sparsely populated areas of the dry zone. This has taken place since the 1950s near tanks and reservoirs being built in major irrigation and hydro-power programs such as the Mahaweli project .
The Mahaweli Development program (Sinhala: මහවැලි සංවර්ධන වැඩසටහන) is known as the largest multipurpose national development program in the history of Sri Lanka and is also considered the keystone of the government's development program that was initiated in 1961.
The park is bounded in three sides with the river Mahaweli in the historically important place of Gannoruwa in Kandy and, lies at an altitude of 473 m (1550 ft) above sea level in a total area of 2 square kilometers. The A parks comprise the majority of the institutions of the Department of Agriculture.