Wednesday, 28 February 2024
Trending
Sri Lanka Charged Tax On Vehicles Crashed in road Accidents
WORLD TAXES

Sri Lanka Charged Tax on Vehicles Crashed in Road Accidents

COLOMBO: Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country faces a major foreign exchange crisis.

Finance Minister Basil Rajapaksa said vehicle accidents will be taxed under new revenue proposals to keep the budget deficit at 8.8%of GDP in 2022, down from 11.1% this year. “It is proposed to impose a fee on vehicles meeting with accidents,” Rajapaksa told parliament.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 | www.globaltaxconsultants.pk

“Through this initiative, it is expected to reduce the number of motor vehicle accidents.” He did not give details of the crash tax. Sri Lanka’s roads are among the most dangerous in the world with over 3,000 traffic fatalities and some 25,000 seriously injured every year.

Rajapaksa admitted that the country was facing a serious crisis with foreign reserves at $2.3 billion, down from $7.5 billion when his brother Gotabaya took over as president two years ago.

tax accounting services top tax consultants lahore pakistan
Ads:
See also  Top tax havens around the world
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: