
The actual value of Sri Lanka’s gaming tax contribution has decreased
The Inland Revenue Department‘s report shows that in the first quarter, betting and gaming levies in Sri Lanka increased by 42% compared to the previous year, amounting to RS1.27bn (US$3.96m). Despite the overall tax collection increasing by 216% to RS316.62bn (US$1.12bn) and an annual inflation rate of over 50%, the share of tax revenue from […]