PAYE வரி விலக்கு வரம்பை ரூ. 162,500 ஆக உயர்த்தத் திட்டம்

EconomyNext reports that President Anura Kumara Dissanayake presented the 2027 national budget to Parliament on Thursday, November 12, also serving as finance minister. EconomyNext says the budget seeks to encourage domestic output and overseas investment, relieve household cost pressures and preserve fiscal discipline before Sri Lanka’s IMF Extended Fund Facility is due to conclude in March 2027.

Newswire and Ada Derana report that Rs. 110 billion is allocated to complete the final stage of salary increases for public-sector workers announced in 2025. Newswire also reports an additional monthly interim allowance of Rs. 2,500 for pensioners who retired from 2020 through 2024. Daily Mirror’s headline likewise identifies salary and allowance increases for public employees.

Newswire reports that most allowance changes are scheduled to begin in April or July 2027; some are to be phased in, with the remaining increases paid in 2028.

Newswire, Lanka Business Online and EconomyNext report a proposal to raise the yearly personal income tax-free amount from Rs. 1.8 million to Rs. 1.95 million, making the monthly threshold Rs. 162,500 rather than Rs. 150,000. Newsfirst and Hiru News also report the proposed monthly threshold. Lanka Business Online says the amendments would start on April 1, 2027. Lanka Business Online and Newswire report a revised progressive rate schedule, adding a 12% bracket after the initial 6% rate and expanding income bands. EconomyNext says the maximum 36% rate would apply from annual income of Rs. 5.2 million, rather than Rs. 4.3 million. Newswire reports that the monthly income point at which the top rate applies would move from about Rs. 358,000 to Rs. 433,000, and estimates additional monthly tax relief of Rs. 750 to Rs. 15,750, depending on income. Newswire says the 2025 reforms, combined wi…

EconomyNext reports that the budget forecasts Rs. 28.4 billion less revenue next year due to income tax, Port and Airports Development Levy and VAT revisions, as well as CESS removal. EconomyNext allocates Rs. 16 billion of the projected decrease to income tax changes, Rs. 10 billion to CESS removal, Rs. 2.98 billion to VAT changes, Rs. 350 million to the PAL revision and Rs. 40 million to abolishing the Tourism Development Levy. EconomyNext reports a projected Rs. 950 million gain from Special Commodity Levy changes.