“We’re Overloaded with Taxes”: SLUNBA Seeks Relief

COLOMBO (News 1st); The Sri Lanka United National Businesses Alliance has issued a stark warning about the deteriorating state of the country’s economy, citing a mass exodus of skilled professionals, collapsing industries, and a lack of new investment.

SLUNBA Chairperson Tania Abeysundara, criticized the government’s failure to deliver on its promises, stating that verbal assurances without practical, long-term policy implementation have left the private sector in crisis.

“Industries are closing down, entrepreneurships are not emerging, and even existing businesses are relocating to other countries,” she said. 

Abeysundara emphasized that Sri Lankan businesses are not being protected, and that the burden of excessive taxation and high utility costs has made it nearly impossible for local enterprises to survive, let alone thrive.

“We are overloaded with taxes and unbearable electricity costs. These conditions are crushing businesses instead of uplifting them,” she added.