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New tax system for policy stability

Jun 19, 2017 8:00:16 PM - ft.lk

By Chathuri Dissanayake 
In a bid to break policy stagnation, the Government yesterday outlined plans to simplify Sri Lanka’s tax regime with the introduction of a new Inland Revenue Act within the next two months which aims to retain only direct and value added tax while phasing out all other taxes. 
The move is aimed at bringing a stable business environment and