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No income taxes imposed on money sent by migrant workers under the new Act

State Minister of Finance and Mass Media Eran Wickramaratne assured that the proposed new income tax act does not charge any tax on money transmitted by Sri Lankan migrant workers to Sri Lanka.

Participating in a live Facebook discussion with the BBC Sinhala Service on the proposed new Inland Revenue Act, the State Minister dismissed the claim that the new act proposes to impose a tax on the money sent by the migrant workers based on their income.

JVP MP Sunil Handunneththi addressing a media briefing recently said that there is a proposal in the new tax legislation to impose a tax on money sent by migrant workers

“This tax law specially says that migrant workers should be taxed on income they earn,” Handunneththi said.

The MP further said that there are many Sri Lankan professionals in many parts of the world, and the government has taken measures to discourage them, imposing new taxes when they should be encouraged with tax concessions.

However, Minister of State Eran Wickramaratne said the expatriate workers can transmit money to the country in the future same way as they do now and there will be no change in the Act. The new Act does not impose any new tax on foreign workers, Minister emphasized.

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