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Circular to be issued on PAYE taxes

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State Minister of Finance Ranjith Siyambalapitiya says that a circular will be issued by the Finance Ministry, prohibiting state and semi-government institutions from paying the PAYE tax of employees through the respective institutions’ funds.

The State Minister revealed that the relevant circular will be issued within this week.

The PAYE tax has been imposed as a tax to be paid to the government by individuals who earn an income beyond a certain limit, while some state institutions and semi-government institutions have previously been paying the relevant tax, Siyambalapitiya stressed.

Furthermore, he also emphasizes that such irregularities cannot be allowed in view of the current economic situation of the country.

“If anyone earns more than a certain limit, they are subject to the PAYE tax even if it is the government, semi-government or the private sector”, he said.

“But previously, especially in the semi-government sector and in corporations, we have experienced cases where the PAYE tax is paid by the relevant intuition itself under certain service agreements”.

“This is not the time for such inefficiencies”, he added.

The State Minister also expressed that a clear circular will be issued to all government and semi-government institutions preventing such tax payments, after clearly looking into the issue.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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Term tests for Western province suspended

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The term tests for grade 10 and 11 in the Western province schools has been postponed after some of the question papers were shared on social media ahead of the examination.

A senior official said that the decision had been taken after complaints that several question papers had been leaked out before the examinations.

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Russian Naval Ship Varyag Visits Colombo

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The Russian Naval Ship Varyag has arrived at the port of Colombo on a formal visit. 

This 187m long Missile Cruiser, manned by a crew of 529, is led by Flag Officer Captain 1st Rank Velichko Anatoly Vasicievich, with Captain 2nd Rank Glushakov Roman Nikolaevich serving as the Commanding Officer.

During their stay in Sri Lanka, the ship’s crew is expected to participate in various programs organized by the Sri Lanka Navy, fostering camaraderie and exploring tourist attractions in the country. 

The official visit will conclude, and Varyag is set to depart from the island tomorrow.

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SL over 60s cricket team ranked 4th in the world

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The Sri Lanka Over-60s cricket team, led by Garry Gunasekara, achieved a commendable 4th place in the recently concluded Over-60s Cricket World Cup in Chennai. 

Twelve teams, including all major cricketing nations except Pakistan and Bangladesh, participated in the tournament.

In the group league stages, Sri Lanka secured victories against India, Wales, and the Rest of the World. 

They also tied with the West Indies and suffered their only defeat to Australia, finishing 2nd in the group. 

Sri Lanka faced England in the first semi-final, resulting in a loss, while New Zealand lost to Australia in the second semi-final. Australia went on to convincingly win the final against England.

In the third-place match, Sri Lanka faced New Zealand and narrowly lost by 20 runs, ultimately securing the 4th position in the Over-60s Cricket World Cup.

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