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Sri Lanka revamps Withholding Tax: Relief for low-income earners

Summary by ONLANKA News - Sri Lanka News - Latest Breaking News From Sri Lanka
Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, has announced a significant reform in the Withholding Tax (WHT) policy, aiming to create a fairer taxation system for Sri Lankan citizens. In a Facebook post on March 30, Abeysinghe criticized the previous administration’s handling of WHT, stating that non-taxpayers who had 5% deducted from their bank interest had little to no chance of recovering those funds. …
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ONLANKA News - Sri Lanka News - Latest Breaking News from Sri LankaONLANKA News - Sri Lanka News - Latest Breaking News from Sri Lanka

Sri Lanka revamps Withholding Tax: Relief for low-income earners

Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, has announced a significant reform in the Withholding Tax (WHT) policy, aiming to create a fairer taxation system for Sri Lankan citizens. In a Facebook post on March 30, Abeysinghe criticized the previous administration’s handling of WHT, stating that non-taxpayers who had 5% deducted from their bank interest had little to no chance of recovering those funds. …

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ONLANKA News - Sri Lanka News - Latest Breaking News from Sri Lanka broke the news in on Monday, March 31, 2025.
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