CA Sri Lanka submits Budget 2027 proposals urging compliance-led revenue growth
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The Institute of Chartered Accountants of Sri Lanka submitted proposals for the National Budget 2027 to Finance Ministry Secretary Dr. Harshana Suriyapperuma in September 2026.
The institute urged the government to prioritize tax compliance, digital transformation, and economic formalization over raising statutory tax rates. It noted that heavy dependence on indirect taxation disproportionately burdens consumers and drives activity into the informal sector.
CA Sri Lanka recommended creating a National Taxpayer Information Network, a Universal Business Identification Number, and mandatory electronic invoicing to interconnect data across customs, financial accounts, and corporate and property registries.
