π Summary
The Government has ruled out, for now, a return to its shelved plan to lower the Value Added Tax (VAT) registration threshold from Rs. 60 million to Rs. 36 million in annual turnover, raising fresh questions over how Sri Lanka intends to broaden its tax base while meeting ambitious revenue targets. Deputy Minister Nishantha Jayaweera [β¦] The post VAT U-turn Leaves Sri Lankaβs Tax Base under Pressure appeared first on Lankanews.lk .