Ceylon GPT ➐

Football Vs Soccer

[Numbers.lk @numberslka]

🇱🇰 TODAY IS THE LAST DAY TO PAY YOUR FINAL INCOME TAX

⭕ September 30 is the deadline to make the final income tax payment for the 2025/2026 Year of Assessment.

⭕ This applies to individuals, companies and partnerships with income tax payable. Any balance remaining after the tax already paid during the year should be settled today.

⭕ If you are an employee, having APIT deducted from your salary does not necessarily mean your full tax obligation is settled.

⭕ Many employees also earn interest from fixed deposits or savings, which counts as investment income. Banks generally deduct 10% Advance Income Tax (AIT) on interest, but depending on your total taxable income, that deduction may not fully cover your final income tax liability.

⭕ Don’t confuse this with the income tax return deadline. The return for 2025/2026 can be filed until November 30, 2026.

⭕ The Inland Revenue Department warns that late payment can result in interest and penalties.

📅 Final tax payment: September 30
📅 Income tax return: November 30

⭕ Not sure how much you need to pay? Use the our Individual Income Tax Calculator to estimate your tax obligation based on your employment, interest and other taxable income.

Calculate here: https://t.co/It3PhYnnSt

[Danuka Peiris (DP) @danukalive]

We are a country with high tax rates and a narrow tax net. Our VAT rate is 18%, and it should be gradually reduced to 10%. Our corporate tax rate is 30%, and that should also be gradually reduced to 15%. PAYE tax rates are high as well, and citizens in a country like ours should not be paying up to 36% PAYE, considering the quality of life and public services they receive.

Furthermore, there should be a 12% tax band after 6%, instead of jumping directly to 18%.

However, if we want to reduce taxes, the government must first collect more revenue. To collect more revenue, the tax net must be broadened. In my opinion, PAYE should start from an income of Rs. 50,000 at a rate of just 1%. This is simply to bring more people into the tax net.

Otherwise, we will continue with high taxes, taxpayers will feel demotivated by the poor returns they receive from the country, businesses will become less competitive, and others will continue to operate outside the system.

The VAT threshold is one example. It should be lower to ensure fair treatment for everyone. Cash sales must be reduced by promoting digital payments. To achieve this, banks should be compelled to reduce service charges. In return, they will gain a larger customer base.

The Central Bank should also consider stop using Rs. 5,000 notes from circulation and encouraging undisclosed funds to enter the banking system through a disclosure mechanism, similar to what India implemented. Then a new series of 5000 notes can be started.

All employment payments should be made through bank accounts, with no cash payments. Public transport and taxi payments can also be made mandatory through digital channels.

If India can get even street vendors to accept digital payments, why can't we?

Furthermore, we must create a more investment-friendly environment to attract greater foreign investment. Investors look for policy consistency, a simple tax system, efficient regulations, and ease of doing business. Capital will naturally flow to countries where businesses can operate with confidence and predictability.

We also need policies that encourage employees to become employers and sole traders to become incorporated businesses. Economic growth comes from creating more entrepreneurs, not just more employees.

If someone has a viable business proposal, access to finance should not be blocked by excessive requirements and bureaucracy. Banks should be more willing to lend based on business viability and cash flow, especially for SMEs and startups. A young entrepreneur with a good idea should not need substantial assets before receiving support.

Foreign investment brings capital, technology, jobs, export growth, and tax revenue. If we want sustainable economic growth and lower tax rates in the future, attracting foreign investment must be a key part of the strategy.

If you think you can't, you won't. If you think you can, you will find solutions to the challenges. No country has ever been transformed without difficult reforms. Changes must be implemented step by step, but once progress is made, it should not be reversed.

[Danuka Peiris (DP) @danukalive]

There is a discussion that the government is planning to reduce some taxes, including PAYE. Most people are expecting the PAYE threshold to be increased to Rs. 200,000 per month.

I am in favour of reducing taxes too, but I am not in favour of increasing the tax threshold. The threshold should be reduced to bring more people into the tax net, while tax rates should be reduced. This is a mistake that every government has made and continues to make.

If you earn Rs 50,000 a month, you should be able to pay 1% PAYE to bring or keep that person within the tax net. But paying 36% PAYE is the real concern in a country like Sri Lanka

My PAYE proposal, which is probably never going to happen:

0–50K — 0%
50–100K — 1% (Max of Rs 500 per month)
100–150K — 2% ( Max of Rs 1500 per month)
150–200K — 5% ( Max of 4000 per month)
200–300K — 10% (Max of 14000 per month)
300–400K — 20% ( Max of 24000 per month)
Above 400K — 30%

[Nuwan I. Senaratna @nuuuwan]

If you want to find out what Grama Niladhari Division (GND), Divisional Secretariat Division (DSD), Polling Division (PD), Electoral District (ED), Local Authority (LA), District, or Province you belong to, or your house belongs to, or any location in #SriLanka 🇱🇰belongs to, checkout this tool.

https://t.co/5mvvPz1K2v

[Awantha Artigala @awanthaartigala]

Cartoon

[Sanjiva Weerawarana @sanjiva]

This is fishy:

Cabinet approves Rs. 174 m consultancy contract for $ 30 m tourism development program
https://t.co/0hLhjp1C6O

Consultancy firm that won is "M/s Novel Interdisciplinary Consulting Enterprise Ltd." Hmm.

Seems their website is this: https://t.co/HuY4o0b4iT. Domain was registered in March 2025. Site doesn't load properly and ends up in an Arabic form (see images). I had to use Chrome devtools to make scrolling work. Then I see the attached projects. Gotta love what their clients say (see image). And the managing director has his job title spelt wrong (see image).

This appears to be the managing director: https://t.co/BqL9Mgt7TF who is apparently a procurement consultant for World Bank and/or ADB. According to the content from their site as summarized by Google, another director is "Sulaiman Nazamat Umar Mohamed Nizar is a Sri Lankan biotechnology professional and General Manager at Mike Biotech Asia Pvt Ltd since 2017. He holds a BSc (Hons) ..."

Hey @anuradisanayake @Dr_HariniA @BimalRathnayake there's something seriously off here.

@nimilamalee

[Ceylon GPT ➐ @Justice_No_1]

@NewsWireLK Mean time Basil rajapaksha: Brian Jabson 🤣

[UEFA @UEFA]

Statement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National Associations

[World of Statistics @stats_feed]

🇱🇰 Sea level drops by about 328 ft (100m) near Sri Lanka because gravity is anomalously weaker there

[Ceylon GPT ➐ @Justice_No_1]

It was spain’s game from the beginning. Football won.

[grandson @Grandsoncr7]

🗣️ Luis de la Fuente:

“I’m so happy we won the World Cup. This is the happiest day of my life, thanks to Ferran Torres’ goal. But we also need to talk about the VAR and the referee. I have never seen a bigger robbery in my coaching career than this. It looked like they wanted Argentina and Lionel Messi to win it again so badly.

The referee was practically Argentina’s 12th man on the pitch. In the first half, there were several fouls that he ignored, but the worst was the challenge on Dani Olmo. Mac Allister tackled him with both feet, which is a red-card offense, but the referee and VAR ignored it.

There was also the challenge on Yamal, where a player stepped on his ankle from behind. The referee ignored it, and VAR didn’t intervene either.

Argentina should be ashamed of receiving such favoritism in a World Cup final. They had the officials on their side, but we were fully prepared for everything. In the end, football won.”

[𝗧𝗠 @TMfutbal]

🚨🇦🇷 𝗗𝗜𝗗 𝗬𝗢𝗨 𝗞𝗡𝗢𝗪: Argentina are the only team at the 2026 World Cup to play every match at night or in covered stadiums, avoiding the extreme heat faced by every other team. 😳

[Troll Football @TrollFootball]

Cucurella had hiccups and Messi started asking for a red card 😭

[Football Tweet ⚽ @Footballtweet]

🇦🇷 For the first time ever in a World Cup final, a team has failed to produce a single shot across 90 minutes.

That team was Argentina.

[Garry Kasparov @Kasparov63]

Incredible Egyptian goal is disallowed because of a foul far away, then same situation a few minutes later and goal for Argentina not disallowed! No VAR, nothing? FIFA again looks like a corrupt joke, playing favorites for stars.

[Polymarket Sports @PolymarketSport]

🚨CONTROVERSIAL: VAR didn’t call this as a penalty OR a foul in the build up to Argentina’s 3rd goal…

…Egypt had an earlier goal ruled back for a foul in the build up

[Pamphlets @PamphletsY]

🚨🇦🇷🇪🇬 — SUPER SLOW-MO:

Referee Didn't Give Egypt a Penalty for this...