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Taxation by country. Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy. The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes. As of 2018 CBSL report, taxes are the most ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
In 2019 with an income per capita of 13,620 PPP Dollars or 3,852 (2019) nominal US dollars, Sri Lanka was re-classified as a lower middle income nation with the population around 22 million (2021) by the World Bank from a previous upper middle income status. Sri Lanka has met the Millennium Development Goal (MDG) target of halving extreme ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Sri Lanka has a universal health care system that is free for any one using it, including both citizens and non-citizens. It is publicly funded and run by Ministry of Health. This includes both dental care and community medicine. Social security. Social security benefits are administered by the Department of Social Services.
The Employees' Trust Fund ( ETF) is a social security programme established on 1 March 1981 under the Act No.46 of 1980 by the Parliament of the Sri Lanka. [1]
Sri Lanka, [a] historically known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian peninsula by the Gulf of Mannar and the Palk Strait. It shares a maritime border with the Maldives in the southwest ...
The Government of Sri Lanka ( GoSL) ( Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Lankā Rajaya; Tamil: இலங்கை அரசாங்கம்) is a Semi-presidential republic determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative ...