The Ministry of Finance and Mass Media yesterday made it clear that that no changes in the tax rate for the calculation of Income Tax or the PAYE tax has been made.
"The members of the Association of Medical Specialists held a discussion with the Minister of Finance and Mass Media Mangala Samaraweera where agreement was reached to amend the process of the expenditure calculation for the purpose of income tax payment," a statement from the ministry said.
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Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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