Forex crisis behind problems with tax system: Dhammika Perera (VIDEO)

Date:

By: Isuru Parakrama

Colombo (LNW): The foreign exchange crisis leading to the decline of imports and subsequently the decline of income via customs duty has stemmed the increase of taxes, hence the problems with the current tax system, said MP Dhammika Perera, speaking to reporters after the opening ceremony of the “DP Coding School and Robotics Campus” at Sri Sumangala Piriven in Middeniya yesterday (14).

“Why is there a situation with Sri Lanka’s tax system? With the dollar shortage, the imports have dropped. Subsequent to the decline of imports, income by customs duty has also dropped. Taxes have increase to cover the lost income. This is the main reason. The prime concern is the shortage of dollars, isn’t it? So far, there is no programme evident to recover dollar,” he said.

Share post:

spot_imgspot_img

Popular

More like this
Related

Colombo PRIDE: Sri Lankan Queer Community Celebrates Right to Equality in Glamorous Walk

Colombo PRIDE: Sri Lankan Queer Community Celebrates Right to Equality in Glamorous Walk

Airlines reroute flights as Middle East tensions disrupt airspace

Airlines reroute flights as Middle East tensions disrupt airspace

Digital education push proposed to tackle nationwide teacher shortage

June 22, Colombo (LNW): Prime Minister Dr Harini Amarasuriya...

Top-performing A/L students honoured in new Presidential Recognition Scheme

Top-performing A/L students honoured in new Presidential Recognition Scheme