{"id":137941,"date":"2023-10-29T16:18:02","date_gmt":"2023-10-29T23:18:02","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=137941"},"modified":"2023-10-29T16:18:02","modified_gmt":"2023-10-29T23:18:02","slug":"new-property-tax-in-the-offing","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/10\/29\/new-property-tax-in-the-offing\/","title":{"rendered":"New property tax in the offing"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/h2>\n\n\n<p>The Government is set to implement a new property tax starting from 2025, State Minister of Finance Ranjith Siyambalapitiya disclosed.<\/p>\n\n\n\n<p>This decision has come as a result of recommendations put forth by the International Monetary Fund (IMF), according to the State Minister.<\/p>\n\n\n\n<p>&#8220;The new tax will primarily target individuals possessing substantial property assets. These individuals will be required to pay a tax based on the value of their properties,&#8221; the State Minister underscored.<\/p>\n\n\n\n<p>&#8220;The motive behind this move is to address income inequality and finance development projects across the nation,&#8221; he added.<\/p>\n\n\n\n<p>It is worth noting that the IMF, a key international financial organization, provided recommendations that pushed Sri Lanka towards crucial decisions including this tax imposition.&nbsp;<strong>Sheain Fernandopulle)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror The Government is set to implement a new property tax starting from 2025, State Minister of Finance Ranjith Siyambalapitiya disclosed. This decision has come as a result of recommendations put forth by the International Monetary Fund (IMF), according to the State Minister. &#8220;The new tax will primarily target individuals possessing substantial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-137941","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/137941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=137941"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/137941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=137941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=137941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=137941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}