President Ranil Wickremesinghe revealed plans to provide relief for personal income tax in the near future.

The President mentioned that two proposals, currently under review by the Treasury and the counter proposal by the International Monetary Fund (IMF) are being considered to achieve the goal of providing some benefit to the middle segments.

The government has proposed to the IMF an adjustment in Personal Income Tax slabs from Rs. 500,000 to Rs. 720,000, aiming to provide relief to mid-level taxpayers affected by the recent tax reforms.