📈 Ways & Means Committee Calls for Urgent Tax Digitalization & Reforms

• Fiscal Sector Review: The Parliamentary Committee on Ways and Means reviewed Sri Lanka’s 2026 tax plan, revenue collection progress up to June 30, 2026, and existing tax compliance levels with Ministry of Finance and Inland Revenue Department officials. • Digital Systems & RAMIS: Emphasized accelerating digital services and upgrading the Revenue Administration Management Information System (RAMIS) to enhance electronic registration, filing, payments, and inter-institutional data sharing. • Expanding Tax Base: Highlighted key measures to widen the taxpayer base, including bringing informal economic activities into the formal tax net and addressing taxation on digital services. • Key Challenges: Identified critical hurdles in tax administration, including system integration, tech infrastructure upgrades, and building specialized human resource capacity to sustain fiscal stability.