Connect with us

News

IRD announces AIT exemption for small savers

Published

on

The Inland Revenue Department (IRD) has announced a simplified self-declaration process to alleviate the 10 percent advance income tax (AIT) burden on interest earnings for the low and middle-income earners.

Outlined in Circular SEC/2025/E/03, the new system targets the resident taxpayers with a total annual taxable income not exceeding Rs.1.8 million.  

taxpayers can now submit a self-declaration form to their banks or financial institutions to gain exemption from the standard AIT deductions on the interest income from deposits, savings accounts and Islamic financial products.  

The taxable monthly income threshold has increased from Rs. 100,000 to Rs. 150,000, providing tax relief.

Meanwhile, under new tax policies, a 15% tax on foreign service income has been introduced, and stamp duty on leases and rentals has doubled to Rs. 20 per Rs. 1,000.

News

Former Eastern Provincial Council member arrested

Published

on

By

Ampara District Organizer of the Tamil Makkal Viduthalai Pulikal party and former member of the Eastern Provincial Council K. Pushpakumar alias Iniya Bharathi has been arrested.

He was arrested over the abduction and disappearance of the former Vice Chancellor of the Eastern University Prof. Subramaniyam Ravindranath.

Sivanathurai Chandrakanthan, alias Pillayan, the leader of the Tamil Makkal Viduthalai Pulikal (TMVP) and former State Minister, was arrested by the Colombo Criminal Investigation Department at his office in Batticaloa on April 8, over this incident.

He was later detained for 3 months under the Prevention of Terrorism Act.

Iniya Bharathi, also known as Kumaraswamy Pushpakumar, was arrested based on information revealed during the interrogation of Pillayan.

Continue Reading

News

e-Revenue Licence system down due to technical glitch, ICTA says

Published

on

By

The Information and Communication Technology Agency of Sri Lanka (ICTA) said the electronic Revenue Licence system (eRL 2.0) is currently unavailable due to a critical technical infrastructure issue.

According to the ICTA, the disruption began on July 3, 2025, and has made vehicle revenue licence issuing services inaccessible.

The unavailability is expected to continue until July 9, 2025.

The ICTA expressed regret for the inconvenience caused to the public and assured that technical teams are working urgently to resolve the issue.

The agency also said that further updates will be shared as work progresses, with an official notice to be issued once services are restored.

Continue Reading

News

Three injured in Kosgama shooting, including 12-year-old girl

Published

on

By

Three people, including a 12-year-old girl, were injured in a shooting incident at Suduwella, Kosgama, early this morning (6), police said.

They said the victims were travelling in a three-wheeler when two individuals on a motorcycle opened fire using a pistol-type weapon.

The injured include a 30-year-old woman and her 12-year-old daughter, both residents of Avissawella, as well as a 44-year-old man.

All three have been admitted to Avissawella Hospital for treatment.

Police said the motive for the attack and the identities of the suspects have not yet been established.

Kosgama Police are conducting further investigations into the incident.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved