A major controversy has emerged in Sri Lanka's Parliament regarding the Imputed Rental Income Tax, commonly referred to as the Property Tax. Opposition Leader Sajith Premadasa voiced strong criticism against the government's handling of the tax policy, emphasizing a lack of transparency and accountability.

During a heated parliamentary session, Premadasa highlighted that the President had assured the provision of relevant financial data and information alongside the enactment of the tax policy. However, this data has yet to be made available to Parliament. Additionally, Premadasa pointed out that the International Monetary Fund (IMF) Technical Assistance reports, which the President had promised to table, remain undisclosed.

"The President asserted that the relevant financial data and information would be provided while enacting the tax policy. Although he claimed that the IMF Technical Assistance reports would be tabled in Parliament, that too has not yet happened," Premadasa stated.

The controversy deepened with conflicting statements regarding the flexibility of the IMF agreement. The President has maintained that the agreement with the IMF cannot be altered under any circumstance. In contrast, Peter Brewer, the head of the IMF delegation, has indicated that the agreement could be subject to alterations.

"The President claims that the IMF agreement cannot be altered under any circumstance. However, the head of the IMF delegation, Peter Brewer, says that the agreement could be subject to alterations," Premadasa noted, adding to the growing skepticism surrounding the government's stance.