{"id":133182,"date":"2023-03-23T16:22:59","date_gmt":"2023-03-23T23:22:59","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=133182"},"modified":"2023-03-23T16:23:15","modified_gmt":"2023-03-23T23:23:15","slug":"sl-to-introduce-property-tax-and-gift-and-inheritance-tax","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/03\/23\/sl-to-introduce-property-tax-and-gift-and-inheritance-tax\/","title":{"rendered":"Sri Lanka to introduce property tax and gift and inheritance tax"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka is expected to introduce a property tax and a gift and inheritance tax by the beginning of 2025, under the International Monetary Fund programme.<br>In particular, we will introduce a nationwide real property tax and adjust the system of transfers between the central and provincial governments.<br>We will also introduce a gift and inheritance tax with a tax-free allowance and minimal exemptions,\u201d the IMF programme documents made public this week said.<br>The preparatory work for these tax reforms will commence by mid-2023, supported by the IMF technical assistance.<br>Sri Lanka is expected to achieve a primary fiscal surplus of 2.3 percent of GDP by 2025.<br>Also, Sri Lanka needs to raise the tax-to-GDP ratio to least 14 percent by 2026 by implementing a sequenced package of tax measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror Sri Lanka is expected to introduce a property tax and a gift and inheritance tax by the beginning of 2025, under the International Monetary Fund programme.In particular, we will introduce a nationwide real property tax and adjust the system of transfers between the central and provincial governments.We will also introduce a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-133182","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/133182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=133182"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/133182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=133182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=133182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=133182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}