Sri Lanka Accelerates Tax Digitalization as Part of 2030 Digital Economy Vision

Sri Lanka is taking bold steps toward modernizing its fiscal infrastructure as part of its 2030 digital economy strategy. In a high-level meeting held on July 8, the country’s President called for urgent upgrades to the national tax system, with an emphasis on transparency, efficiency, and technological integration.

Strengthening RAMIS and POS Adoption

A key focus of the initiative is the enhancement of the Revenue Administration Management Information System (RAMIS), the backbone of Sri Lanka’s digital tax environment. The government acknowledged current system limitations and discussed the potential for locally sourced technical solutions to improve reliability and functionality.

Additionally, the deployment of point-of-sale systems for real-time transaction tracking is a cornerstone of the plan. POS integration will support accurate reporting, minimize tax evasion, and increase overall compliance among retail and service sector businesses.

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