IMF insists no talks with Sri Lanka on digital services tax

13 Jul, 2023

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

An IMF spokesperson also said that the IMF has not provided any recommendation 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 program with Sri Lanka. As part of the upcoming first review of the EFF program 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 IMF spokesperson said.

The IMF also said that it will work with the authorities to put in place reforms that are in the best interest of Sri Lanka and its people. (Colombo Gazette)

Recommended For You

US envoy and Ranawaka discuss new constitution

US Ambassador Atul Keshap met the Minister of Megapolis and Western Development Champika Ranawaka today and discussed several matters including?progress on the development of a new constitution. The US Embassy in Colombo said that Ambassador Keshap and Minister Ranawaka also discussed future infrastructure projects essential to Sri Lanka’s prosperity, energy production and environmental protection. Ambassador Keshap stressed ?the United States supports the Sri Lankan voters? vision of a unifie

18 Dec, 2015

Body seen floating in the sea near Bambalapitiya

A body was seen floating in the sea near Bambalapitiya this morning, the police media unit said. The police said that the body had been floating close to the?Bambalapitiya railway station. Investigations are underway. (Colombo Gazette)

17 Dec, 2015

ISIS-Lanka link revealed in probe on Indian girl

Sri Lanka has been linked to investigations over an Indian girl who was to join the? Islamic State of Iraq and al-Sham (ISIS). The Anti-Terror Squad (ATS) interrogated a 16-year-old girl from Pune, who was planning to join ISIS after being ?radicalised? and brainwashed by the terror outfit?s agents residing abroad, The Hindu newspaper reported. Confirming the development late Thursday night, ATS sources said that the teenager, who belonged to a good family and was a ?highly-intelligent? studen

18 Dec, 2015

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.