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ஜெனரல்
The Sri Lankan government plans to raise the income tax threshold from Rs. 100,000 to Rs. 150,000 per month starting next month. This measure aims to encourage more people to register for mandatory income tax, enhancing tax system transparency and increasing citizen's disposable income. Since the introduction of mandatory tax registration for those earning over Rs. 100,000 per month, tax file numbers have grown significantly, from 437,547 in 2022 to 1,002,029 by the end of 2023. This is part of the government's broader effort to increase state revenue as a percentage of GDP and stabilize the economy.
Govt. to increase income tax threshold by Rs. 50k | Print Edition - The Sunday Times, Sri Lanka
