Opposition MP Dr. Harsha de Silva has commented on President Ranil Wickremesinghe’s recent announcement that the government has reached an agreement with the International Monetary Fund (IMF) to revise the Pay As You Earn (PAYE) tax. Dr. de Silva argued that he had maintained since 2023 that such a revision was possible, contrary to the President’s previous stance.
Dr. Harsha de Silva’s post on ‘X’,
President says today he will amend PAYE tax, something he said can not be done. I argued since 2023 it was possible. We already announced ‘middle class tax cut’ (PIT including PAYE) without false promises of doubling tax free threshold (JVP) nor lowering highest marginal rate.
His remarks follow the President’s announcement about the PAYE tax revision, a major public concern, with assurances that relief measures would be implemented promptly after further discussions with the IMF.
Dr. Harsha de Silva International Monetary Fund (IMF) Paye Tax
Last modified: August 29, 2024
