Tag: Wealth transfer tax & inheritance tax to be introduced in Sri Lanka

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Wealth transfer tax & inheritance tax to be introduced in Sri Lanka

To reach a primary fiscal surplus of 2.3 percent of GDP by 2025, Sri Lanka will revamp the property tax system and introduce a wealth transfer tax. In particular, Sri Lanka will introduce a nationwide real property tax, and adjust the system of transfers between the central and provincial governments. “Wealth tax is part of […]