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Unit trust investors to benefit from proposed tax disclosure measures: UTASL
Daily Mirror - Sri Lanka
|March 03, 2026
The proposed amendments to Sri Lanka's Inland Revenue Act aim to improve tax transparency for the unit trust investors and strengthen governance within the sector, the Unit Trust Association of Sri Lanka (UTASL) said.
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Under the draft legislation, the unit trusts would be required to issue detailed income certificates to the investors, outlining the earnings, exemptions, withholding taxes and any other information specified by the Commissioner General of Inland Revenue. Certificates must be provided within five months of the end of the relevant assessment year.
This story is from the March 03, 2026 edition of Daily Mirror - Sri Lanka.
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