President Ranil Wickremesinghe announced that the government has reached an agreement with the International Monetary Fund (IMF) to revise the Pay As You Earn (PAYE) tax, a significant concern for the public. He assured that following further discussions, relief measures would be implemented as soon as possible.
The President made these remarks while addressing the “Puluwan Sri Lanka” victory rally held near the new market in Eheliyagoda this afternoon (28).
The rally, organized to affirm President Wickremesinghe’s candidacy in the upcoming presidential election, saw a large turnout from the Eheliyagoda area. During his speech,the President emphasized the government’s awareness of the challenges faced by the citizens and stressed the importance of providing relief while safeguarding the country’s economy. He warned that if the economy were to collapse, there would be no country left for people to live in.
Furthermore, the President criticized Sajith Premadasa and Anura Kumara Dissanayake for making unrealistic promises about reducing taxes and easing the people’s burdens.
He cautioned that following their proposed path could lead to severe shortages, leaving the public once again without essential supplies such as gas, fuel, and medicine.
“Currently, income tax has become a significant issue. We have reached an agreement with the International Monetary Fund (IMF) on the need to revise it, and I can confirm that a basic decision has already been made. Both parties have submitted proposals, and once we have discussed and agreed on a common approach, we will be able to provide relief to the public” President said.
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