Fin Min says no change in income tax for docs

Tuesday, 7 August 2018 00:10 - - {{hitsCtrl.values.hits}}

The Finance Ministry yesterday noted the income tax level of doctors had not been reduced from 24% to 15%, but an agreement had been reached to amend the expenditure calculation process.

Responding to a report attributed to Health Minister Dr. Rajitha Senaratne, which said income tax for doctors had been reduced from 24% to 15%, the Finance Ministry said there has been no changes in the tax rate for the calculation of Income Tax or the PAYE tax.

“The members of the Association of Medical Specialists held a discussion with the Minister of Finance and Mass Media Mangala Samaraweera, where agreement was reached to amend the process of the expenditure calculation for the purpose of income tax payment,” the Ministry said in a

statement.

State Minister for National Policies and Economic Affairs Dr. Harsha de Silva also expressed his views on Twitter.

“Dr Rajitha says PAYE for specialist doctors in Sri Lanka capped at 15%. I am shocked! What about other doctors, pilots, lawyers? We had made some revisions in discussing expanding slabs so ALL hard working MIDDLE CLASS would BENEFIT; w progressive principle of taxation,” the State Minister said in a Twitter post.