No discussions held on any plans for digital services tax with SL: IMF

13 July 2023 12:11 pm Views - {{hitsCtrl.values.hits}} 4 Bookmark

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The International Monetary Fund (IMF) has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current programme, an IMF spokesperson said.

The IMF also said it has not provided any recommendations on whether or not Sri Lanka should sign on to the OECD/G20 inclusive framework agreement for international corporate taxation.

“Revenue mobilization is a key pillar of the IMF programme with Sri Lanka. As part of the upcoming first review of the EFF programme currently scheduled in September, the IMF plans to discuss with the authorities how best to mobilize additional revenues. This could include considering the benefits and challenges with introducing a digital service tax,” the spokesperson said.

The IMF will work with the authorities to put in place reforms that are in the best interest of Sri Lanka and its people, it added.

Comments - 4

Avery Markham Thursday, 13 July 2023 02:12 PM

Make all VAT registered organizations cashless as a first step.

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Jayantha Thursday, 13 July 2023 04:31 PM

You cannot go with direct tax in asian countries like what you do with european countries as it is a failure and will not help the country at all. Go for indirect taxes and no body will feel it much.

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Daya Thursday, 13 July 2023 05:01 PM

Introduce more taxes on the people, only thing the government will do.

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Rex Jarkie Thursday, 13 July 2023 08:44 PM

All service providers SLT mobitel all charge digital service tax

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