Sri Lankaβs tax collection system is confronting a serious credibility challenge, with outstanding tax liabilities reaching an alarming Rs. 2.1 trillion while millions of registered taxpayers continue to default on filing obligations. The latest International Monetary Fund (IMF) diagnostic exposes weaknesses in the countryβs revenue administration that could threaten the sustainability of the Governmentβs fiscal [β¦] The post Rs. 2.1 Trillion Tax Arrears Expose Revenue Administration Failures appeared first on Lankanews.lk .