The International Monetary Board (IMF) has refuted media reports that suggested it discussed or recommended digital service tax with Sri Lankan government under the current Extended Fund Facility (EFF), the global lender said.
“The IMF has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current program, nor has it provided any recommendation on whether or not Sri Lanka should sign on to the Organisation for Economic Co-operation and Development (OECD)/G20 inclusive framework agreement for international corporate taxation,” an IMF spokesperson said.
Stressing that revenue mobilization is a key pillar of the IMF program with Sri Lanka, the IMF Spokesperson noted 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 will work with the authorities to put in place reforms that are in the best interest of Sri Lanka and its people, the IMF Spokesperson said.
In the wake of the ‘outing’ of parliament Speaker Ashoka Ranwala with accusations that his PhD was fake, there has been a flurry of articles on fake degrees.
An eighteen member Presidential Task Force, including President’s secretary was appointed today to implement the ’Clean Sri Lanka’ initiative proposed by the government.
Under the government’s initiative of disposing of high end- luxury vehicles that impose a heavy burden of public funds, other state institutions are barred from purchasing them through state procurement procedure, according to a Treasury circular.
An investigation has been launched on the instructions of Acting Inspector General of Police (IGP) Priyantha Weerasuriya into an incident where popular author Kasun Mahendra Heenatigala was arrested and allegedly mistreated by the Athurugiriya Police.
Mr. Gihan de Silva has been appointed as the new Chairman of the Sri Lanka Rupavahini Corporation, the Government Information Department announced.
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