Politics · Sri Lanka
Sri Lanka Plans to Simplify Tax System from Next Year, Says Deputy Minister
Owlester AI · from 4 sources ·
Sri Lanka is set to simplify its tax system starting next year, according to Deputy Minister of Economic Development Nishantha Jayaweera. The initiative aims to streamline the tax structure by eliminating additional levies imposed alongside customs duties. Similar simplified tax mechanisms will be introduced across other government institutions. Jayaweera made these remarks during the launch of the digital signature and paperless customs declaration system. He also noted that Sri Lanka Customs had nearly achieved its 2026 revenue target of Rs. 2,207 billion.