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Finance State Minister provides clarification on tax exemption for low-income earners

July 05, Colombo (LNW): State Minister of Finance Ranjith Siyambalapitiya has provided clarity on recent communications from the Inland Revenue Department regarding tax payments.

He stated that individuals with a monthly income not exceeding Rs. 100,000 are not required to comply with such requests.

This clarification was issued following reports that people possessing Taxpayer Identification Numbers (TIN) had received letters or text messages from the department demanding tax payments.

Siyambalapitiya reassured that those earning below the specified threshold are exempt from taxation.

He advised affected individuals to notify their nearest regional revenue office if they fall under this exemption.

The Minister also highlighted that around 2.3 million TIN numbers have been distributed so far, with 1.3 million issued in June alone.

The government aims to increase the number of issued TIN numbers to 7.3 million by the end of July.

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