INSUBCONTINENT EXCLUSIVE:
State Minister of Finance Ranjith Siyambalapitiya emphasizes that the proposed imputed rental income tax will only be implemented after the
It is expected to be introduced after the first quarter of 2025
The wealthiest segment of our society, which is about 10 percent [of the population], will be subjected to this tax
Only a small percentage of their other assets will contribute to state income
be passed on to the lower-income class
The responsibility for this tax lies solely with the payer
