New Inland Revenue act to be tabled in August says Mangala
Sri Lanka's new Inland Revenue Act will be tabled next month, the country's finance minister, Mangala Samaraweera was quoted by Colombo Page as saying.
"The main objective of the new Inland Revenue Act is to reduce the indirect taxes levied from the people from 80% to 60% and increase the direct taxes from 20% to 40% within three years," Mr Samaraweera was quoted as saying at a press conference on Friday.


