Tag: Sri Lanka needs to minimize tax exemptions to broaden tax base: Central Bank

July 21, 2015 (LBO) – Sri Lanka needs to minimize tax exemptions and improve direct taxation in order to broaden the tax base, Deputy Governor of the Central Bank said.“If you look at the tax exemptions, there are a large number of tax exemptions.” Deputy Governor Dr. Nandalal Weerasinghe said. Island’s Inland Revenue Act contains […]