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President Anura Kumara Dissanayake has announced that the government expects to further increase the Pay-As-You-Earn (PAYE) tax threshold through the 2027 Budget, which is scheduled to be presented to Parliament next week.
Addressing the National Trade Union Convention in Colombo today (07), the President said the existing PAYE tax threshold had already been increased from Rs. 100,000 to Rs. 150,000,.
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President Anura Kumara Dissanayake has announced that the government expects to further increase the Pay-As-You-Earn (PAYE) tax threshold through the 2027 Budget, which is scheduled to be presented to Parliament next week.
Addressing the National Trade Union Convention in Colombo today (07), the President said the existing PAYE tax threshold had already been increased from Rs. 100,000 to Rs. 150,000, and the government intends to raise it further to provide additional financial relief to salaried employees.
He said the government recognises the private sector’s significant contribution to the national economy and is giving particular attention to the economic well-being of its employees.
The President noted that discussions had been held with private-sector institutions and business associations, following which measures were taken to increase employees’ basic salaries.
However, he acknowledged.
politics
World News
Nine people were killed after a Bahamas-bound Learjet crashed and burst into flames in Palm Beach County, Florida, on Sunday afternoon, officials said.
The crash occurred near Cresthaven, approximately nine miles (14 kilometres) from Mar-a-Lago, US President Donald Trump’s resort in the affluent Palm Beach County area.
According to National Transportation Safety Board records, the incident is the second-deadliest aviation crash in the United States this year, following a skydiving plane.
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SPORT TODAY
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The Cabinet has approved a proposal to construct a new indoor stadium in Jaffna to strengthen indoor sports and improve sports infrastructure in the Northern Province.
The project, submitted by the Minister of Youth Affairs and Sports, carries an estimated cost of Rs. 170 million.
The facility aims to support the growth of sports such as table tennis, tennis, badminton, netball, and chess, with a special focus on schools and local sports clubs.
Officials say the initiative is part of a broader effort to revitalize sporting and recreational facilities in the region and provide better opportunities for youth engagement.