Amendments to PAYE tax with effect from January : Ministry of Finance

COLOMBO (News 1st) - The Ministry of Finance states that the concession to remove the PAYE tax on earning will be effective from January 1st. Accordingly, earnings up to Rs. 250,000 per month is exempt from paying tax and those who earn more than 250,000 are liable to pay income tax. Meanwhile, the Ministry of Finance stated that the tax concession including for VAT and indirect taxes will be in effect from January 1st.