Sri Lanka, July 8 -- Sri Lanka plans to introduce a property tax by the first half of 2027, according to the latest International Monetary Fund (IMF) review under the Extended Fund Facility (EFF).

As outlined in the IMF's Fourth Review, the government has committed to continuing the development of data infrastructure essential for property taxation. Building an accurate and comprehensive database on property values is a key step in this process.

The initial phase involves digitizing historical valuation records held by the Government Valuation Department, starting with Municipal Councils. This digitization is scheduled for completion by the end of 2025.

Following this, a nationwide digital Sales Price and Rents Register (SPRR) will be ...