Tax reforms at a glance: To be introduced in the immediate & near term

Cabinet nod has been received to instruct the legal draftsmen to prepare necessary bills to amend the following Acts with a view to increasing government revenue.

 Inland Revenue Act, No. 24 of 2017
 Value Added Tax Act, No. 14 of 2002
 Telecommunication Levy Act No21 of 2011
 Betting and Gaming Levy Act, No.40 of 1988
 Fiscal Management (Responsibility) Act No. 3 of 2003

Tax reforms to be introduced in the immediate and near term:

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