New income tax on persons earning above Rs 45 000

The government is being accused of attempting to lower the income tax threshold to Rs. 45 000 thereby levying a tax on all those earning about the amount.

The revelation was made by the President of the Sri Lankan United Entrepreneurs' Association Susantha Liyanarachchi at a press conference held yesterday.

Liyanarachchi said the businessmen of the country demands the President suspends the unfair taxation. He said the business community will seek legal redress if he fails to do so.