No income tax on non-cash benefits

No income tax on non-cash benefits – Circular

A Circular has been issued exempting employees from paying personal income tax on non-cash benefits such as vehicles, fuel allowances, housing and medical benefits provided to employees at their places of employment.

https://ceylontoday.lk/2023/02/09/no-income-tax-on-non-cash-benefits-circular/

Ceylon Today

2023-02-16

தொடர்பான தலைப்புக்கள்

52 key SOEs made Rs. 340 b profit in 2023

These SOEs collectively shifted from a loss of Rs. 740 billion in 2022 to a profit of Rs. 340 billion in 2023 after implementing reforms. The introduction of Aswesuma was noted to alleviat...

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Fuel prices reduced

The Ceylon Petroleum Corporation has reduced all the retail fuel prices with effect from midnight yesterday (30).Accordingly, price of Octane 92 Petrol has been reduced by Rs. 3 per litre down to Rs. 368, Octane 95 Petrol reduced by Rs. 20 d...

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Sri Lankans rich in financial knowledge but poor i...

The Central Bank of Sri Lanka identifies a significant gap between satisfactory financial knowledge and lacking financial behavior among Sri Lankans, as highlighted in the Annual Economic Review 2023.

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