Property tax will come into effect after first quarter of 2025

dilip Saturday, 22 June 2024 12:40 PM

whom are you going to fool, should we implement all things that other countries do. don't destroy our way of living, should we do all hardship that other countries peoples are facing

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Lanka Saturday, 22 June 2024 12:52 PM

bring back all looted public money from MR and cohort.... you will have more money than what you are going to collect from this tax. Do not work for the needs of IMF but protect our people and their wealth. NPP will do some changes in this aspect. do not worry NPP will win and protect people.

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BnW Saturday, 22 June 2024 01:07 PM

Minister, you are saying that 90% will not fall into this tax but expect to reduce indirect tax from the balance 10%. Whom you are fooling? Public needs to know the formula on this tax. Hope what president told in the parliament holds on the dwelling property which is exempted.

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Dee Saturday, 22 June 2024 01:51 PM

Like all the people who didn’t earn 150k a month was jumping up and down on social media about a ‘38%’ income tax, people who don’t even have a proper house of their own are jumping up and down about this property tax! The fraction of the people who have multiple houses in high end apartments and high net worth properties are silently looking at ways of evading the tax!

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Upali R Saturday, 22 June 2024 01:56 PM

Both Rana and Siyambalaya will be in political cemetery by then. A totally new leadership needed to confront and cope with the challenges of upcoming fascist and communist world regime.

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Rip Winkle Saturday, 22 June 2024 01:57 PM

Tax the rich, idiot.

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johan Saturday, 22 June 2024 02:11 PM

You all robbed the country now we have to pay for it. Do not try to brainwash. Put them the looters in jail and bring back the money.There are many countries they do not have these taxes

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Sokrates Saturday, 22 June 2024 02:20 PM

This is a fair tax, paid only by the wealthy or high earners. This can reduce the indirect tax, i.e. the tax burden on the poorer population. However, I believe that everyone who owns properties worth more than Rs 10 million (all properties combined, including the first property) should be taxed. Not because the IMF requires it or it is customary in other countries, but because it is fair. Also, everyone who owns properties worth more than this should have to explain where the money came from. Apart from that, all buildings or extensions built without government approval should be demolished.

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Pera Saturday, 22 June 2024 02:37 PM

What are the benefits tax payers getting. Puppets of IMF

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Avanka Perera Saturday, 22 June 2024 02:51 PM

The Govt is taxing people, but what about the looted money, pandora papers what action is taken. The leaders don't take any action against the looteres but his agenda is to protect them and loot the public. what action was taken against assaulting a porter in the airport, VISA scandal and a Minister was reported by an embassy asking commissions. do we need such leaders?

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Ram Saturday, 22 June 2024 03:17 PM

I only hope the election would be won by SP or AKD who will have the guts to do away with the property tax. I am for to bring in wealth tax, residing house exempt, from the balance of the wealth give an exempted threshold and then impost a reasonable tax on the balance

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Bernard Jayatilake Saturday, 22 June 2024 04:20 PM

But the multi-million dollar question is: will you all survive politically until the first quarter of 2025?

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sam Saturday, 22 June 2024 04:20 PM

Why tax the innocent when looters money is available overseas

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Harin Fernando Saturday, 22 June 2024 04:32 PM

Well in other countries where all these taxes are imposed tax income to GDP is 20-25%. In Sri Lanka it is expected to reach only 12.4% in 2024. Why do not you look at how our tax income to GDP have not yet reach global and regional levels, in spite charging heavy taxes beyond those countries. It is so obviously to any kid that it is due to corruption involved in tax collection.

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True Sri Lankan Saturday, 22 June 2024 04:32 PM

90% of the privately owned businesses do not declare the actual revenues and most of them provide only 50% of the actual revenues for audit purposes and for tax payment. A separate set of accounts are provided to banks with actual turnover to obtain banking facilities. If the government can stop this and issue stern warning to all audit companies and banks, the tax collections will increase by hundreds of billions ! and there is NO need to tax a common man especially private sector employees who would invest in a second property from hard earned savings and income earned after paying proper taxes

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Patcitz Sunday, 23 June 2024 12:23 AM

We pray and hope, Ranil and his cronies will remain no more in the new year 2025 in this world. If so, it will be a GREAT RELEIF for the people of Sri Lanka.

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