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Join date : 2014-02-22
VAT Reduced: Payee tax limited: Budget deficit to be reduced: Budget 2015
Currently the value added tax is 12 percent in the island.
The government plans to reduce the budget deficit to 3.85 percent by 2016 and 3.2 percent by 2017, the president said in his budget speech.
Sri Lanka plans to reduce budget deficit to 4.6 percent in 2015.
http://www.lankabusinessonline.com/news/vat-reduced:-payee-tax-limited:-budget-deficit-to-be-reduced:-budget-2015/697762582