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Disregard tax payment requests if income is below threshold, says State Minister

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Individuals who have obtained a Taxpayer Identification Number (TIN) yet do not meet the cutoff, can choose to remain tax exempt after notifying the IRD in writing, provided that their monthly income does not surpass the threshold, according to the State Minister of Finance Ranjith Siyambalapitiya

The Minister said that information on this matter can be obtained from the IRD’s closest regional office.

State Minister Siyambalapitiya added that 230,000 people have received TIN numbers thus far, with 130,000 receiving them in June alone.

Furthermore, the Ministry of Finance anticipates to increase the number of people with TIN numbers to 730,000 by the end of July.

(sundaytimes.lk)

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

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Dec. 02).

The decisions taken by the Cabinet of Ministers are as follows :

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No change in Litro Gas prices for December

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The Litro Gas Company says that the prices of its domestic LP Gas cylinders will remain unchanged for the month of December 2024.

Chairman of Litro Gas – Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

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Tomorrow’s Parliamentary session to continue until 9.30 pm

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It has been decided during the party leaders’ meeting to conduct tomorrow’s (Dec. 04) parliamentary session until 09.30 pm.

Accordingly, the adjournment debate regarding the disaster situation caused by the recent adverse weather conditions will be held from 05.30 pm – 09.30 pm tomorrow.

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