Govt in discussion with IMF to revise PAYE tax : RW
The Government is in the process of initiating a discussion with IMF to revise Pay As You Earn (PAYE) tax, President Ranil Wickremesinghe said today.
” Government has already submitted a proposal to revise PAYE tax to IMF. The IMF has also come up with a different proposal. We will go in for a dialogue with IMF in this regard and come into an agreement on the revisal. We will inform the people as to how PAYE tax will be reduced, ” Wickremesinghe told a rally in Eheliyagoda.
” We will ease the high cost of living through our economic programme. This will be published at the manifesto launch which will be held today, ” he added.
” Both National Peoples Power (NPP) candidate Anura Kumara Dissanayake and Samagi Jana Balawegaya (SJB) candidate have pledged to reduce taxes. They have failed to state as to how they are going to increase state revenue, ” he said.
