SL secures tax relief deal with IMF, imports to resume in 2025: Dissanayake

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SL secures tax relief deal with IMF, imports to resume in 2025: Dissanayake - Business Standard

Quick Summary:

Speaking about the agreements reached with the International Monetary Fund (IMF) during its third review of the USD 2.9 billion Extended Fund Facility (EFF), the president said his government has been able to raise the tax threshold.

President Anura Kumara Dissanayake on Wednesday announced that Sri Lanka has achieved flexibility with the IMF on its rigid state revenue tax regime, something that was part of his election promise.

Also, import of private cars -- banned from 2020 -- would be allowed from February 2025, Dissanayake, who is also the Minister of Finance, told the parliament.