- Last Update 2025-06-20 19:57:00
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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- June 12, 2025 - 456 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 11, 2025 - 166 - 0
Customs seize Rs. 119 Mn worth of cigarettes and whisky hidden in furniture shipment
In a major detection at the Ceylon Shipping Lines (CSL) warehouse in Colombo 09, Sri Lanka Customs officers uncovered a large consignment of contraband cigarettes and whisky concealed within a shipment declared as household furniture and personal goods.
- June 12, 2025 - 153 - 0
Sri Lanka condoles with families of victims of Air India crash
Sri Lanka shared its condolences with bereaved family members of the victims of the Air crash in India today.
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