Colombo, Feb. 28 -- The tax burden on individuals providing services to foreign countries while residing in Sri Lanka has increased. However, they have the option to keep their income abroad without bringing it into the country. Industry and Entrepreneurship Development Minister Sunil Handunneththi said that he does not agree with this tax.

He made this comment while participating in a television programme last night in response to a journalist's question regarding the 15% tax to be imposed on digital service export providers.

"There should be a profit-based system for these individuals, ensuring the declaration of income generated for Sri Lanka. If they choose to keep their earnings abroad, then imposing taxes will be ineffective," he ...