PRESIDENT SIGNALS FURTHER PAYE TAX RELIEF IN 2027 BUDGET - BREAKING NEWS

What happened: President Anura Kumara Dissanayake said the government expects to raise the PAYE tax threshold further through the 2027 Budget, due in Parliament next week. Key numbers: PAYE threshold already raised from Rs. 100,000 to Rs. 150,000. Budget presentation scheduled for next week. Why it matters: The President said higher PAYE deductions on larger salaries remain a concern and that basic salary increases alone were insufficient, so a threshold adjustment is expected in the Budget.

President Anura Kumara Dissanayake said the government expects to raise the PAYE tax threshold further through the 2027 Budget, due in Parliament next week.

The President said higher PAYE deductions on larger salaries remain a concern and that basic salary increases alone were insufficient, so a threshold adjustment is expected in the Budget.