@rdizzle02@NewsWireLK The best option would for them would be fishing out lectures locally. And the majority lectures would also be more than happy to accept them since they are already under payed in govt unis. Please try to be realistic 😒😒
@rdizzle02@NewsWireLK And a counter question would be being a profit seeking organization will they be ready to pay the high salaries for foreign lectures? And will the visitors be ready to accept the low salaries being payed in Sri Lanka?
@rdizzle02@NewsWireLK Where do you think the teachers come from? Even the current govt medical faculties do not have enough faculty members to teach. The problem is not that shallow.
💵 Taxes & MPs: How MPs in Sri Lanka Reduced Their Tax Liability from Rs. 76,000 to Rs. 17,000
⭕️ The following payslip belongs to a Member of Parliament (MP) for the month of January 2023. He paid a total of Rs. 76,566.72 as APIT(PAYE) tax for the month.
⭕️ However, on February 7th, 2023, the Inland Revenue Department (IRD) made an amendment to the earlier instructions issued regarding non-cash benefits. This amendment made MPs the largest beneficiaries as it significantly reduced the amount of tax they had to pay on these benefits.
⭕️ According to the new instructions, if government employees, including MPs, receive a vehicle provided by the government, only 25% of the vehicle and fuel allowances are considered taxable income. Similarly, only 25% of the communication allowance is considered taxable income.
⭕️ As a result of this amendment, the tax liability of MPs was reduced from ~Rs. 76,000 to ~Rs. 17,000.
⭕️ It is important to note that this amendment does not apply to private-sector employees. They are still required to pay taxes on 100% of their fuel/transport/vehicle/communication allowances.
⭕️ It's also worth noting that the introduction of this amendment did not benefit regular government employees. While only a handful of government employees at the top of the hierarchy are eligible for a vehicle & fuel allowance, the vast majority of government employees still have to pay taxes on 100% of their employment income. This includes their salary, overtime pay, allowances, bonuses, and rewards, much like those in the private sector.
With this scheme, the government has effectively created a two-tier tax system, one for the entitled and one for the regular law-abiding citizens.
⭕️ According to some media reports, Members of Parliament (MPs) received a tax reimbursement of around Rs. 55,000 in March for the taxes they paid in January. If true, this must be the quickest reimbursement in the history of IRD especially considering the fact that MPs would eventually need to pay more than the reimbursed amount within the next few months.
⭕️ It's very clear that MPs and some entitled government employees are getting preferential treatment via the implementation of the new tax code. It is appalling that nobody in Parliament, including those who claim to be the "Representatives of the People," has addressed this issue.
Here you can see a comparison of the tax liability for Members of Parliament for the months of January and February: https://t.co/ldhmIrqPOF
#SriLanka #Taxes
And then this happened❤️
Congratulations to my dear friend @aritha and his groom Dave.
These are not the easiest times to live in but moments like this make the heart a little bit more fuller.
#lka#Pride2022