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Sri Lanka's High Taxes, No Property Tax Change | Sri Lanka News
Deputy Finance Minister Dr. Anil Jayantha Fernando highlighted concerns over the elevated levels of indirect taxes in Sri Lanka, suggesting a need for a reassessment of the tax structure. Notably, there are no immediate plans for a property tax, which was initially considered in an economic recovery plan but is postponed for further evaluation. Despite challenges, government revenue is projected to exceed targets by 2025, and future tax reforms aim to enhance fairness and simplicity while
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