Tax Miracle

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

The Finance Minister says plans to reform the countrys tax structure was moving fast as an amnesty drew a record response.
Minister K. N. Choksy says the amnesty due to expire in end June has already drawn over 1200 declarations.rn

rnHe said that a focused Fiscal Policy and a reduction in inflation and interest rates should encourage the private sector to take a more active role in the expansion of the countrys industrial output. rn

rnHe called on trade chambers to also come forward and play a positive and more active role.rn

rnldblquote The industrial sector showed an inadequate growth rate last year,
dblquote K N Choksy, Finance Minister says.rn

rnldblquote We look to the private entrepreneur and particularly the several trade chambers, which represent them to come forward and play a more positive and active role in the expansion of the countrys industrial output and employment,
dblquote he says.rn

rnOfficials also warned that the present amnesty is the last chance for tax, customs and ex