President comments on proposed imputed rental income tax

(LANKAPUVATH | COLOMBO) – Delivering a special statement in Parliament today (June 18), President Ranil Wickremesinghe commented on the introduction of the proposed imputed rental income tax.

The President gave an assurance that the first property would be exempted from taxation, while also noting that it is intended to focus on high-net-worth individuals and not average-income earners, the President’s Media Division says.

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