Sri Lanka expects 1.2-pct of GDP in taxes from vehicle imports

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Sri Lanka expects 1.2-pct of GDP in taxes from vehicle imports

ECONOMYNEXT – Sri Lanka is expecting about 1.2 percent of gross domestic product in taxes from vehicle imports in 2025, Labour Minister and Deputy Finance Minister Anil Jayantha said. Vehicle imports will also contribute to other economic activities, he said. Sri Lanka has budgeted total revenues to go up to 4,960 billion rupees in 2025 (15 percent of GDP) from 4031 billion in 2024 (13.4 percent of GDP). Tax revenues are expected to go up by 885…