NPP-led House committee calls for further expansion of tax base
The NPP-led Parliamentary Committee on Ways and Means has emphasised the need to expand the country’s tax base further, enforce tax compliance strictly and digitalise tax administartion. According to a press release issued by the Parliament, the committee discussed the matter at a meeting in Parliament chaired by Parliamentarian Wijesiri Basnayake, with officials from the […]
The NPP-led Parliamentary Committee on Ways and Means has emphasized the need for a broader tax base, stricter tax compliance, and the digitalisation of tax administration in Sri Lanka. During a parliamentary meeting chaired by Wijesiri Basnayake, the committee reviewed the 2026 tax plan and discussed the current state of tax revenue collection, revenue estimates, and the existing taxpayer base.
Officials from the Ministry of Finance, Planning and Economic Development, and the Inland Revenue Department were present at the meeting. The committee highlighted recent tax policy and revenue management measures that have improved the fiscal sector's stability and stressed the need for further reforms. Key challenges discussed included expanding the tax net to include informal economic activities, upgrading technological systems, integrating data, and developing specialised human resources for tax administration.
The committee also called for greater use of electronic services, improved data sharing between institutions, and further development of digital systems to enhance tax administration efficiency.
Brief written by urgent.news from The Island Sri Lanka's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
