⚙️ Sri Lanka Moves to Digital Tax: RAMIS Upgrade Approved!

• The Cabinet has approved the engagement of Singapore-based NCS Solutions Ltd. to upgrade the Inland Revenue Department’s (IRD) Revenue Administration Management Information System (RAMIS). • Key Feature: The upgrade will introduce a secure Web API facility for VAT-registered individuals, enabling more efficient interface with digital tax systems. • Strategic Goal: This is the critical initial stage toward implementing a full electronic invoicing (e-invoicing) system in Sri Lanka. • Context: The move aligns with global trends aimed at modernizing tax administration to enhance transparency, curb evasion, and streamline business transactions. • Proposal was presented by President Anura Kumara Dissanayake in his capacity as the Minister of Finance.