Sri Lanka’s Ministry of Finance, Planning and Economic Development has announced a call for submissions aimed at enhancing revenue generation over the long term, with a deadline set for June 12. The Revenue Management Committee (RMC) is seeking input from a diverse range of sources, including think tanks, professional organizations, academic institutions, the private sector, non-governmental organizations registered in the country, and any interested individuals.
The RMC encourages all contributors to present evidence-based proposals that align with the government’s goal of boosting revenue to 20 percent of GDP. This aim is to be achieved through improved efficiency, an expanded tax base, and the formalization of the informal economy.
Submissions may focus on a variety of topics, including:
- Strategies for increasing government revenue in the medium to long term;
- Efforts to formalize the informal economy and expand the tax base;
- Digital transformation of revenue-collecting agencies to enhance efficiency and transparency;
- Revenue mobilization measures that are consistent with existing policies;
- Initiatives to bolster voluntary compliance and improve tax administration;
- Implementation of data analytics and technology-driven systems for revenue collection;
- Adoption of international best practices in tax policy and revenue administration.
Eligible participants include registered think tanks, universities, research institutions, professional associations, private sector entities, NGOs, and citizens with relevant expertise in fiscal policy. Submissions must contain:
- A summary outlining the proposed strategy, reform, or policy measure;
- A description of how the strategy will be implemented;
- Anticipated fiscal and/or administrative outcomes;
- Potential risks associated with the implementation of the proposed strategy;
- If applicable, the registered name and number from the relevant Sri Lankan authority, or for citizens, the National Identity Card number.
Proposals are to be submitted in PDF format via email to dafp@fpd.treasury.gov.lk.
