Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

IMF emphasis the implementation of Property Tax by next year

OtherJun 15, 2024
IMF emphasis the implementation of Property Tax by next year

IMF says in the report on 2nd Review “The introduction of an imputed rental income tax is critical to sustain revenue mobilisation efforts”. IMF request a nationwide digital Sales Price and Rents Register (SPRR) by end-March 2025 to operationalized the tax collection.

Further, it says “Imputed rental income is the deemed income that homeowners could earn if they rented out their homes. The tax is imposed on the income of individuals (rather than the real property itself) and thus raises central government revenue”

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