Srilanka, Jan. 28 -- Tax experts yesterday urged the government to provide further clarification regarding raising the Withholding Tax (WHT) from 5 percent to 10 percent.

As the measure includes a provision for the Inland Revenue Department (IRD) to issue non-deduction directions on a case-by-case basis, the expert argued that clearer communication is essential to ensure fairness and reduce confusion about how exemptions would be handled.

"Income tax policies should be given clear solutions and announcements. Even if a self-declaration system is introduced, imagine the time wasted and the anxiety it creates for the taxpayers," Gajma & Co. Senior Partner N.R. Gajendran said addressing a virtual CMA Sri Lanka tax forum yesterday.

With ...