CA Sri Lanka has submitted a comprehensive set of proposals for Sri Lanka’s National Budget 2027, calling for a shift from repeated tax-rate increases towards stronger compliance, digitalisation and more predictable tax administration. Key proposals include an integrated taxpayer data system linking NTIN, UBIN and electronic invoicing, greater use of data and AI to identify...Read More

Ranaweera Associates Managing Partner Athula Ranaweera said that improving tax compliance in Sri Lanka must begin with strengthening the tax administration itself, speaking at the CA Sri Lanka 5th Annual Economic and Tax Symposium, where leading private sector tax professionals raised concerns over the Inland Revenue Department’s administrative practices. Ranaweera noted that many taxpayers genuinely...Read More