tax

The Desirability of Domestic Debt Restructuring: Verité Research Sri Lanka Economic Policy Group

by |24 October 202225 October 2022|Press Release

The third research note published by the Verité Research Sri Lanka Economic Policy Group presents an analysis by Professor Udara Peiris, Oberlin College, USA, explaining four ways in which Sri Lanka would benefit if the government were to restructure its...

Targeting Assistance: Electricity Consumption is a Superior Method – Verité Research Sri Lanka Economic Policy Group

by |02 August 202217 August 2022|Press Release

In their second public release, supported by a new research note, the Verité Research Sri Lanka Economic Policy Group recommends using electricity consumption as a highly effective and efficient method for targeting cash transfers to the poor. The analysis finds...

Verité Research Sri Lanka Economic Policy Group recommends immediately reinstating PAYE and WHT tax collection methods and implementing the formula on cigarette taxation

by |20 June 202220 June 2022|Press Release

These are immediate simple efficiency measures that will increase tax collection by LKR 229 BN for 2023, and proportionately for the rest of 2022. Sri Lanka ran out of foreign currency reserves and suspended debt re-payment in April 2022. People’s...

State Revenue: What Happened to the Tax Amnesty?

by |22 January 202224 January 2022|Verité in the News

Published on The Morning IRD refuses to provide info on tax amnesty funds Tax amnesties in SL have been ineffective: Think tank Balance between voluntary tax compliance and deterrence needed The Government of Sri Lanka last year presented a controversial...

Relief Package a Real Relief or an Economic Destabiliser?

by |09 January 202221 January 2022|Interviews & Articles

Published on The Morning The Cabinet last week approved a relief package worth Rs. 229 billion presented by the Minister of Finance. For Gayathri (35) (not her real name), it brought much joy going into the new year as she...

Budget Fails to set up Stable Fiscal Regime – Verite Research

by |12 December 202121 December 2021|Verité in the News

Published on Sunday Observer The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...

Budget and Tax

by |10 December 202121 December 2021|Verité in the News

Published on DailyFT Coinciding with the third reading of Budget 2022 today, Verité Research this week released a public report detailing the research organisation’s analysis on the estimates and assumptions used in the formulation of the Budget. In it, Verité...

Budget 2022 Fails in Critical Outcomes: Verité Research

by |09 December 202110 December 2021|Verité in the News

Published on DailyFT Releases public report ahead of third reading of Budget in Parliament tomorrow Opines Budget has failed to establish a stable fiscal regime, credibility in its fiscal projections and build confidence for global markets and rating agencies Budget...

Budget Fails to Establish Stable Fiscal Regime: Verité Research

by |09 December 202110 December 2021|Verité in the News

Published on The Morning Issuing a public report on Budget 2022 ahead of third budget reading, Colombo-based think tank Verité Research said that Budget 2022 fails in establishing a stable fiscal regime. “In January 2020, a new tax structure was...

Verité Research releases Public Report on Budget 2022 ahead of third Budget reading

by |08 December 202110 January 2022|Press Release

2022 will be a pivotal year in Sri Lanka's external debt management and the economy as a whole. The budget 2022, currently being debated in parliament, provides an opportunity to map a path out of Sri Lanka's prevailing economic troubles....

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