Tag: Sri Lanka’s NBT should be abolished; minimal exemptions for VAT: IMF

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Sri Lanka’s NBT should be abolished, minimal exemptions for VAT: IMF

June 15, 2016 (LBO) – International Monetary Fund’s latest staff report has suggested that Sri Lanka should minimize the exemptions provided under the Value Added Tax system, while abolishing the Nation Building Tax. The report has highlighted that the country needs an appropriate registration threshold and the degree of base erosion should be reviewed. Sri […]