The Sri Lankan government, grappling with ways to increase revenue through the 2010 budget while maintaining the deficit at 8% of GDP, is likely to introduce new taxes while reducing some of current ones, outside the budget. Some taxes through the budget is also being contemplated, official sources said.
The Indo-Lanka Free Trade Agreement (FTA) was a hot topic at the FICCI-IIFA Global Business Forum on Friday where Indian High Commissioner to Sri Lanka Ashok Kantha said several Sri Lankan companies have made successful forays into the Indian market.
