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Even first properties are to be taxed – Harsha

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Samagi Jana Balawegaya MP – Harsha de Silva says that taxes are to be imposed even on first properties according to IMF conditions, despite what the President says.

Speaking in Parliament today (June 18) on the proposed Imputed Rental Income tax, he said that he would be delighted if the President would decide to scrap it.

However, he pointed out that Minister Bandula Gunawardena has emphasised that conditions of the IMF agreement are set in stone.

MP de Silva further noted that this unfair taxation system would be amended under the new government which will come into power in the next 04 months.

Speaking in Parliament earlier today on the introduction of the Imputed Rental Income tax, President Ranil Wickremesinghe had assured that the first property would be exempted from taxation.

He also added that it is intended to focus on high-net-worth individuals and not on average-income earners.

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Forests on state lands to be designated as reserves

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The Ministry of Environment has decided to designate several forests located on state owned lands as official forest reserves.

Deputy Minister – Anton Jayakody has stated that such forests, each spanning 05 hectares or more, have been identified in every district.

Special priority will be given to designating forest reserves on mountain peaks.

In the first phase, 20 forests in districts including Monaragala and Ampara have been selected under the new program named ‘Vanaspathi’,  he said.

He further said the initiative aims to protect these forest areas and expand the country’s forest cover.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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NPP’s Nishantha Jayaweera sworn in as MP

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U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).

He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.

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