Current tax policy is a rescue operation – President

Delivering the keynote speech at the Tax Forum 2023 today (21),  President Ranil Wickremesinghe,said that the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation.

He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program and may lose the opportunity to do business with foreign countries.

In addition to his comments on the tax policy, President Ranil Wickremesinghe also stated that the budget presented for the year 2023 in Sri Lanka is not an ordinary budget, but rather an operation to rescue the economy. The President highlighted that, apart from the Sri Lanka Chamber of Commerce, no other party, person, or institution has submitted any proposals or alternatives to the IMF.