tax

SL May Again Need to Impose New Taxes in Budget 2023 – Deshal de Mel

by |29 November 202110 December 2021|Verité in the News

Published on Ceylon Today One-off taxes proposed in Budget 2022 may not be sustainable in bridging Budget deficits, noted Research Director of Verite Research, Deshal de Mel. Speaking exclusively to Ceylon FT, Mel noted that Sri Lanka may again have...

Verite Research Recommends Indexation Policy for Cigarette Taxing

by |06 November 202115 November 2021|Verité in the News

Published on Ceylon Today To reduce Cigarette consumption, while also increasing State revenue and maintaining profit for the Tobacco Company, a study by Verite Research recommends an optimal tax policy which could be indexed to inflation and real GDP growth,...

Sub-optimal Tobacco Tax Policy Loses Rs. 20 B Revenue – Verite Research

by |05 November 202115 November 2021|Verité in the News

Published on Ceylon Today Sri Lanka currently loses an estimated Rs. 20 billion in revenue due to the sub-optimal nature of the country’s tobacco tax policy, says Verite Research. During a webinar it has organized, the research institute and think-tank...

Seeking a Systematic Tax on Cancer Sticks

by |02 November 202102 November 2021|Verité in the News

Published on The Morning Hiking the price of cigarettes to increase govt. revenue and reduce tobacco consumption Reliefs and price decreases are generally expected from a budget in the Sri Lankan context; people almost never ask for taxes or price...

Verité Research presents Rational Formula for Cigarette Taxes at latest forum

by |01 November 202110 January 2022|Press Release

A Rational Formula for Cigarette Taxes: An Alternative to Ad Hoc Taxation was the title of a recent online seminar by Verité Research, on 28th October 2021. The analysis showed that the government is currently forfeiting 20 to 25 billion...

Revenue Enhancement Measures Critical in Budget 2022: Verité

by |28 October 202101 November 2021|Verité in the News

Published on The Morning Advises to expand tax base instead of increasing tax rate According to former Economic Advisor to the Minister of Finance and Verité Research Director – Research Deshal de Mel, while revenue enhancement measures will be a...

ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast

by |10 September 202113 September 2021|Interviews & Articles

Executive Director Nishan de Mel speaks to Hiru News on the recently imposed import restrictions and their effect on government revenue, advocating ultimately for sound and critical policy analysis.

Tax Amnesty: The New Tax Scandal

by |06 September 202117 September 2021|Verité in the News

Published in the DailyFT Sri Lanka’s overall tax system of indirect taxes means that the poor disproportionately pay more in taxes than a wealthier family. The Finance Bill codifies this The gazetted Finance Bill is an unfair piece of legislation...

Proposed Tax Amnesty: Exercising Caution in Income Generation

by |21 August 202114 October 2021|Verité in the News

Published on The Morning Govt. expects $ 500 m income through tax amnesty: Cabraal Important for people to submit their taxable supplies: IRD Chief Amnesties granted on previous occasions have failed: Dr. Wijewardena While the Government states it expects to...

Effectiveness of Tax Amnesty in Sri Lanka

by |10 August 202107 September 2021|Interviews & Articles

Published in the DailyFT On 9 July 2021, the government gazetted a new finance bill aimed to indemnify individuals who voluntarily disclose their hitherto undisclosed income—that is to a provide a tax amnesty. A tax amnesty is a limited-time opportunity...

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