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Tax burden weighs heavily on citizens

The bulk of the country's tax burden continues to weigh heavily on ordinary citizens, especially the poor, a trend that needs to change, a taxation expert said. "The applicable ratios of taxes in Sri Lanka need to change in order to ensure a fair distribution of wealth," Tax Consultant Suresh Perera said. He pointed out that of the tax revenues proposed for 2015, 78% was to be collected from indirect taxes and 22% from direct taxes. Read More
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