Under this initiative, a comprehensive tax calculator is now accessible to the public, allowing citizens to understand and evaluate the proposed changes.

The tax calculator allows the public to compare the existing tax structure, which reaches up to 36%, with the proposed reforms that limit the maximum rate to 24% including a surcharge for persons earning over Rs. 750,000.

Of particular significance is the anticipated revenue generation. While the current tax structure is expected to raise Rs. 100 billion, Harsha’s innovative reforms maintain that target while simultaneously reducing tax rates.

For a comprehensive exploration of this crucial proposal, MP Harsha cordially invites the public and media to delve into the extensive details presented in his recent speech, ‘Remodelling Sri Lanka’s Tax System: Proposals for a Fairer Future’ which is accessible at:(https://www.youtube.com/watch?v=fTZRXD9O1AQ).