Sri Lanka, Nov. 1 -- Sri Lanka Human Rights Centre Executive Director Rajith Keerthi Tennakoon has outlined 12 tax revisions introduced by the new Government over the past two years, stating that the changes have affected various sectors of the economy and different income groups.

In a statement issued on today (1) Tennakoon said the revisions covered areas such as food, education, healthcare, transportation and online businesses.

Tennakoon said the changes had contributed to higher inflation, restrictions on financial transactions, increased poverty and lower investment, while also affecting foreign direct investment (FDI).

He also noted that small and medium-sized enterprises (SMEs) had faced greater challenges from the tax measures ...