Senior citizens’ bank interest income below Rs.100,000 exempt from WHT

The Finance Ministry has decided to exempt withholding tax (WHT) from senior citizens who earn below Rs. 100,000 from their bank interests, Finance State Minister Ranjith Siyambalapitiya said. He said the decision was taken considering the inconvenience caused to them due to the WHT.

Senior citizens’ bank interest income below Rs.100,000 exempt from WHT - Breaking News | Daily Mirror

Daily Mirror

2023-01-11

Related News and Insights

SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

Find Out More

SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

Find Out More

Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

Find Out More

View All