Sri Lanka’s taxpolicy is a football during elections

Sri Lanka’s taxpolicy is a football during elections

Sri Lanka’s tax system is plagued by political interference, with VAT rates changed 5 times since 2020 (now 18%), worsening inflation and poverty. Experts blame ad-hoc policies, weak enforcement (e.g., unregistered businesses charging VAT), and lack of consumer protections. As vegetable prices triple and 7 million fall into poverty, calls grow for a national tax policy to end this chaos.

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