SJB Election Manifesto Now Online

by Staff Writer 30-08-2024 | 12:33 PM

COLOMBO (News 1st); SJB Presidential candidate Sajith Premadasa presented his 50-year plan based on 5 basic policies, through his "සැමට ජයක්" election manifesto, which loosely translates to "A win for all", today.

The 5 base points are, building a resilient economy, Empowering every citizen, enhance government service, protecting quality of living and safeguarding the nation.

Here are a few reliefs that have been proposed by Sajith Premadasa.

"We will strengthen fiscal discipline as per the IMF agreement and continue with difficult but necessary reforms to meet the targets of revenue, primary balance and debt. "

"In the case of agreeing to a solution that allows for ‘claw back' clauses for foreign creditors to benefit from more than expected GDP growth, we will insist that ‘comparability of treatment’ be extended to the EPF that bore the brunt of the domestic debt restructure."

"We will respect the autonomy of the Central Bank of Sri Lanka (CBSL) provided by the new Act but hold the bank fully accountable for meeting its inflation target."

"We will revise the unfair burden sharing structure of the IMF supported tax code revision that is forcing professionals to seek employment abroad."

"Personal income tax after the Tax-free slab of Rs 100,000 per month will start at just 1% and increase up to 24% income up to around half a million per month."

"Corporate income tax: We intend reducing up to 6% from the present 30% rate for profits on exports and introduce 15% Base Erosion and Profit Shifting (BEPS) minimum alternate tax for multinational companies. "

"We intend to reduce VAT to 15% once tax compliance improves through the use of Public Digital Infrastructure to widening the tax net."

"Certain identified items in addition to essential food as consumables and inputs shall be made zero rated for VAT."

"Excise tax on cigarettes and alcohol and taxes on casinos will be adjusted to fund tax reductions."

"A guaranteed up to 15% savings interest rate will be provided for senior citizen savings. "

https://cdn.newsfirst.lk/election/manifesto/Sajith_manifesto_english.pdf