The Hon. (Dr.) Harsha de Silva

Samagi Jana Balawegaya· Colombo· 20 March 2025 ·Debate: Appropriation Bill, 2025 - Committee Stage Debate

Public Finance

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Hon. (Dr.) Harsha de Silva noted that the Bill includes the relevant provision but raised concern about a tax inconsistency. He argued that applying a 15 percent rate to individuals in one context while personal income tax rates rise up to 36 percent could result in the same person being taxed differently under “corporate-like” and personal tax treatment.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 I acknowledge you have included it in this Bill. My point is that applying 15 percent to individuals while PIT rates go up to 36 percent creates inconsistency: the same person could be treated at 15 percent on one side (as “corporate-like”) and up to 36 percent on the personal side.

Provenance

Source: Hansard, Thursday, 20 March 2025 ·No. 1746596381071973 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Harsha de Silva. 10th Parliament, Parliament of Sri Lanka. Hansard, 20 March 2025. No. 1746596381071973. Politick, https://staging.politick.io/lk/speeches/24051