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PM+Reveals+new+tax+system+to+be+introduced+to+SL
Tuesday, 16 February 2016 - 13:12
PM Reveals new tax system to be introduced to SL
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The Prime Minister Ranil Wickremesinghe says that attention has been drawn to impose more tax on the wealth of the rich while reducing the taxes imposed on the everyday individual

80% of tax payers in this country belongs to the lower socio-economic population bracket- the middle class.

Addressing a launching ceremony of a World Bank research on poverty and prosperity in Sri Lanka this morning, the Premier said a special tax should be imposed on the capital earned by the rich.

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