1of 20Proposals & demandsCA Sri Lanka submits sweeping proposals for Budget 2027 | Daily FTCA Sri Lanka has submitted comprehensive proposals for the National Budget 2027, advocating for a shift from relying on tax rate hikes to a strategy focused on compliance-led revenue growth and digital transformation. The proposals aim to strengthen Sri Lanka's fiscal position by modernizing tax administration, improving voluntary compliance, and fostering an environment conducive to investment and sustainable economic growth. Key recommendations include revising the Advance Personal Income Tax threshold, establishing an integrated data ecosystem (NTIN, UBIN) to connect taxpayer information, and implementing AI-assisted compliance risk management.Eසිத1 of 20 outletsFT.lkReported 15 Sep 2026, 11:38 am
2of 20Proposals & demandsBold Move to Reduce the Educational Burden on the People!Sri Lanka imposed an 18% VAT on school books and educational materials from January 2024 to boost government revenue after an economic crisis and an IMF agreement. This tax severely impacted students, parents, and the publishing industry by significantly increasing educational costs. In response to widespread calls for relief, President Anura Kumara Dissanayake announced that the VAT on school books would be removed, with plans to be presented in the 2027 budget. This move is expected to alleviate the economic burden on citizens and revitalize the book industry.Eසිத2 of 20 outletsDinamina · ThinakaranDinaminadinamina.lkThinakaranthinakaran.lkReported 15 Sep 2026, 9:25 am