Sri Lanka relaxes personal income tax threshold in 2027 budget

Personal income tax relief increased to Rs. 1.95 million; Tax rates revised under 2027 Budget

Personal income tax relief increased to Rs. 1.95 million; Tax rates revised under 2027 Budget

Sri Lanka relaxes personal income tax threshold in 2027 budget

Sri Lanka will revise the income tax rate structure with a relaxed threshold, increasing the annual taxable income to Rs.1.95 million from the current Rs. 1.8 million, the 2027 budget document showed.

Sri Lanka's 2027 Budget proposes raising PAYE threshold to Rs. 162,500

Sri Lanka’s 2027 Budget proposes raising the monthly tax-free threshold for salaried employees to Rs. 162,500, with personal income taxpayers receiving additional monthly relief of Rs. 750 to Rs. 15,750.

Budget 2027: Personal income tax cuts announced

The government has proposed further personal income tax reductions under the 2027 Budget, including an increase in the tax-free incomeContinue Reading