Even first properties are to be taxed – Harsha
Samagi Jana Balawegaya MP – Harsha de Silva says that taxes are to be imposed even on first properties according to IMF conditions, despite what the President says.
Speaking in Parliament today (June 18) on the proposed Imputed Rental Income tax, he said that he would be delighted if the President would decide to scrap it.
However, he pointed out that Minister Bandula Gunawardena has emphasised that conditions of the IMF agreement are set in stone.
MP de Silva further noted that this unfair taxation system would be amended under the new government which will come into power in the next 04 months.
Speaking in Parliament earlier today on the introduction of the Imputed Rental Income tax, President Ranil Wickremesinghe had assured that the first property would be exempted from taxation.
He also added that it is intended to focus on high-net-worth individuals and not on average-income earners.