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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]
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
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 ...
General Tax Directorate — Nigeria: Federal Inland Revenue Service — Netherlands: Tax and Customs Administration (Dutch: Belastingdienst) — New Zealand: Inland Revenue Department (IRD; Māori: Te Tari Taake) — Norway: Norwegian Tax Administration (Norwegian: Skatteetaten) — Pakistan: Federal Board of Revenue (FBR; Urdu: وفاقی ...
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. With all high value currency notes bearing a date prior to 26 October 1970, demonetized ...
[84] [85] [88] [89] Sri Lanka's tax revenues per GDP also increased from 10% in 2014, which was the lowest in nearly two decades to 12.3% in 2015. [90] Despite reforms, Sri Lanka was listed among countries with the highest risk for investors by Bloomberg. [91] Growth also further slowed to 3.3% in 2018 and 2.3% in 2019. [92]
The concept of registration of persons and issuing identity cards was the subject of an agreement made between India and Sri Lanka in 1954, The draft bill submitted to the Sri Lankan parliament in 1962 was passed as the Act of Registration of Persons No. 32 of 1968. With the aim of activating the provisions of this Act, the Department of ...
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.