Budget 2027: Time to review tax-free threshold for salaried taxpayers? | Daily FT
Summarised by AI from 1 article
An opinion piece ahead of Budget 2027 argues that Sri Lanka should review the tax-free threshold for salaried taxpayers, saying salaried employees are taxed at source and feel the impact immediately. It notes that personal relief was increased to Rs. 1.8 million a year from the assessment year beginning 1 April 2025, with employment income above Rs. 150,000 a month also relevant to the threshold. The article says salaried workers—teachers, health professionals, engineers, bankers, public officers, managers and technicians—are essential to the economy and deserve greater personal relief. It calls for the threshold to be reconsidered in the upcoming Budget 2027.
