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Circular to be issued on PAYE taxes-Siyambalapitiya

Tamara Rebeira by Tamara Rebeira
3 weeks ago
in LOCAL, TOP
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State Minister of Finance Ranjith Siyambalapitiya says a circular will be issued next week containing advice in relation to bringing to a halt state and semi-government institutions from paying the PAYE tax.

The State Minister said the PAYE tax has been imposed as a tax to be paid to the government by individuals who earn an income beyond a certain limit, while some state institutions and semi-government institutions have previously been paying the relevant tax.

Furthermore, the State Minister said such measures should be prevented amidst the current economic crisis.

 

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