Tax & Accounting Blog

Sri Lanka: Government Debt Burden Leads to Increase in VAT

Sri Lanka: Government Debt Burden Leads to Increase in VAT

Last Tuesday 8th of March the President of Sri Lanka announced in a speech before the National Parliament that the VAT rate applicable within the country will be increased to 15% in order to reduce the government deficit, which has been hit by increased levels of borrowing, falling oil prices and international economic turmoil. … Read More

2016 India Budget Speech Raises Taxes

2016 India Budget Speech Raises Taxes

Budget Speech 29 February 2016 was the presentation of the 2016 Budget Speech in India’s Parliament. India’s Budget Speech lays out the spending programs for the government for the year and proposes changes to different legislation to be made during the Budget Session. This years’s budget session will run last from 23 February to 13 May … Read More