2 sourcesUpdated
No new tax burden; Government clarifies fiscal policies
Minister Dr. Anil Jayantha clarified that the government has not imposed additional taxes on the public, focusing instead on improving tax structure fairness and efficiency. He explained that increased tax revenue in 2025 was due to better collection methods and an existing indexation mechanism.
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Summary
He noted that allegations suggesting that the present Government had introduced a new tax increase, while disregarding this established mechanism, amounted to a distortion of facts. He further stated that, in the case of individuals, the maximum tax rate applicable to income earned from service exports has also been capped at 15%.
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