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Sri Lanka lost a large chunk of its tax base due to changes made in tax system in 2020

Sri Lanka has lost a large chunk of its tax base due to significant changes in its tax system made in 2020 including the increase in VAT registration threshold on…

Liquor demand down by 30% in Crisis-hit Sri Lanka

 Sri Lanka Excise Department revealed that t the demand for the liquor has decreased by about 30% due to the recent increase in the price of liquor and the decrease…