The Hon. Wasantha Samarasinghe

Jathika Jana balawegaya· Anuradhapura· 27 February 2025 ·Debate: Debate: Committee Stage of the 2025 Appropriation Bill - Special Expenditure Heads (Heads 1-25) and Amendments

Public Finance

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Clarified that monthly income up to Rs. 150,000 remains exempt from tax under the Withholding Tax arrangements. He stated that where the Withholding Tax rate was increased from 5 per cent to 10 per cent, refunds would be made where applicable, while noting that some persons fall outside the WHT system despite broader tax rate increases.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Member, a clarification: on Withholding Tax, a monthly income up to Rs. 150,000 is released from tax. Also, for those on whom WHT was increased from 5% to 10%, it is refunded as applicable. Some are outside WHT; while tax rates increased, up to Rs. 150,000 remains tax-free.

Provenance

Source: Hansard, Thursday, 27 February 2025 ·No. 1741437399068186 ·English daily/uncorrected Hansard
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Cite as: The Hon. Wasantha Samarasinghe. 10th Parliament, Parliament of Sri Lanka. Hansard, 27 February 2025. No. 1741437399068186. Politick, https://staging.politick.io/lk/speeches/13276