- Last Update 2025-03-14 18:21:00
Govt proposes adjustment in Personal Income Tax slabs following strong tax revenue performance
The government has proposed to the International Monetary Fund (IMF) an adjustment to the Personal Income Tax slabs from Rs. 500,000 to Rs. 720,000, following the strong performance in tax revenue the country made this year, the Presidential Secretariat said.
The move is aimed to provide relief to mid-level taxpayers affected by recent tax reforms.
IMF has provided suggestions to this proposal, including offering more substantial relief to taxpayers in the lower income brackets, maintaining similar levels of relief for mid-level earners as proposed, and slightly reducing the extent of relief for higher-income earners, the Secretariat said in a statement.
“These changes aim to provide a balanced approach that retains the core objective of the government's proposal while enhancing its impact on those most in need,” the statement from the Secretariat said.
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Rapist of lady doctor at Anuradhapura identified as army deserter, parliament told
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
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Suspect involved in sexual assault of Anuradhapura doctor arrested
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
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Dutch authorities investigate companies suspected of paying bribes for Sri Lanka hospital projects
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Budget 2025: No plans to further revise public sector salaries and allowances
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Internationally funded projects only on Govt-to-Govt basis in future
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
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