Thursday, February 6, 2020

What will be the result of abolishing withholding taxes?

Colombo (News 1st): Withholding Tax on any payments is to be abolished with effect from January 01, 2020, as instructed by the Ministry of Finance on pending formal amendment to the Inland Revenue Act No.24 of 2017. Will the abolishment of withholding taxes result in a revenue shortfall for the Government? Accordingly, withholding agents including […]

What will be the result of abolishing withholding taxes?

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