The Hon. Nishantha Jayaweera

Jathika Jana balawegaya· National List· 18 February 2026 ·Debate: Debate: Special Commodity Levy Act, Customs Ordinance Resolution, and Motor Traffic Act Orders (Continuation)

Public Finance

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Nishantha Jayaweera stated that the Government had provided tax relief by raising the personal income tax threshold from LKR 12 million to LKR 18 million and adjusting the first rate slab to begin at LKR 10 million. He also cited reductions in VAT on milk-related products and changes to withholding tax on interest, limiting it to taxable persons.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 After we came, for Personal Income Tax the threshold was raised from LKR 12 million to LKR 18 million—relief. The first rate slab was adjusted to start from LKR 10 million. We reduced VAT on milk and related products. We abolished the withholding tax on interest for all and limited it to those taxable. Those are three categories we reduced.

Provenance

Source: Hansard, Wednesday, 18 February 2026 ·No. 23308 ·English daily/uncorrected Hansard
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Cite as: The Hon. Nishantha Jayaweera. 10th Parliament, Parliament of Sri Lanka. Hansard, 18 February 2026. No. 23308. Politick, https://staging.politick.io/lk/speeches/20368