Sri Lanka’s dollar crisis reason behind tax increases – Dhammika Perera

Sri Lanka’s dollar crisis reason behind tax increases – Dhammika Perera

May 14, 2023   10:35 pm

Commenting on Sri Lanka’s ongoing dollar crisis, MP Dhammika Perera has charged that the island nation is yet to create a stable path for the inflow of dollars into the country. 

Speaking at an event in Middeniya, Hambantota , the business tycoon attributed the ongoing tax crisis in Sri Lanka to the shortage of dollars. 

He explained that owing to the lack of dollars, Sri Lanka’s imports have reduced significantly, thereby directly affecting the income earned through the Customs tariffs and duties. 

“In order to earn the money lost from Customs tariffs and duties, other taxes are being increased. The preliminary problem behind this is the lack of dollars. There is still no proper way through which we can earn dollars”, he said in this regard.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

LG Polls: Appeals Court issues order on rejected nominations (English)

Motion to remove Deshabandu from IGP post to be tabled in Parliament next week (English)

Immigration Dept's regional office to be established in Jaffna (English)

42 persons yet to return licensed firearms; Legal actions to follow (English)

Ex-chief minister SM Ranjith and private secretary sentenced to 16 years rigorous imprisonment

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm