By Damith Wickremasekara
The annual budget for next year to be presented on Friday will have incentives for exporters and small and medium industries and relief on essential items while the government would introduce measures to expand the tax net by bringing in sectors that continue to evade tax payments.
A government source said that among the plans would be to raise the revenue targets from the Sri Lanka Customs, Inland Revenue Department and Excise Department by ensuring that tax collection is optimised. An estimated target of Rs 4.6 trillion is to be set to the three institutions marking an increase of about Rs 600 million.
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