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President assures imputed rental income tax scope will affect only 10 per cent of owners

June 18, Colombo (LNW): President Ranil Wickremesinghe assured Parliament today that the proposed Imputed Rental Income Tax should not cause concern, noting that it would impact only 10 per cent of homeowners and property owners.

Responding to queries raised by Opposition Leader Sajith Premadasa during today’s session, who voiced objections to the new tax, Wickremesinghe acknowledged the importance of broadening the tax base and enhancing tax administration efficiency.

The President affirmed the government’s commitment to these objectives, signalling openness to discussions on expanding the tax net and improving tax administration practices.

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