Verité Research Institutional Knowledge Repository
Not a member yet
    2571 research outputs found

    General Election 2024 - Postal Vote Results - Puttalam District

    No full text
    This infographic is available only in English.This infographic presents the postal vote results for the Puttalam district in the 2024 General Election. The National People's Power (NPP) secured the highest number of votes with 11,404, followed by the Samagi Jana Balawegaya (SJB) with 1,661 votes, and the New Democratic Front (NDF) with 672 votes. The total number of valid votes cast was 14,914, while 429 votes were classified as "sleeping votes

    Inside the Chamber - The Throne Speech

    No full text
    This infographic is available in English and Sinhala.On February 7, 2024, the 5th session of the 9th parliament was ceremonially declared open by President Ranil Wickremesinghe. He then presented the Statement of Government Policy, which was known as the “Throne Speech” in the past. This infographic further highlights upon the history behind the throne speech, including information relating to the ceremonial opening of parliament and the statement of government policy

    Most Active MPs in Parliament in April 2024

    No full text
    This infographic is available in English and Sinhala.This Infographic shows the Most Active MPs of the 9th Parliament in April 2024. They are Lakshman Kiriella, Tiran Alles, Ranjith Siyambalapitiya, Madhura Withanage and Sajith Premadasa. Lakshman Kiriella is the most contributed MP in the Parliament in April 2024

    දකුණු ආසියාවේ ලොකුම ලයිට් බිල ශ්‍රී ලංකාවේ ගෙවල්වලට = Sri Lanka has highest electricity charges in South Asia

    No full text
    Front page and page 2Divaina (9 February 2024) front page and page 2 features the electricity rates of Sri Lanka being the highest charges in South Asia, press release that was sent out in February 2024. This feature has been published in Sinhala. This research was conducted by the Public Finance, Economics Team at Verite Research

    Electricity Bill - Voting Breakdown - Second Reading

    No full text
    This infographic is available in English and SinhalaOn June 6, 2024, the second reading of the Electricity Bill was passed with a majority of 44 votes. The following compilation of infographics reflects the list of MPs that voted in favour, against and MPs who were absent during the vote. 103 votes were cast in favour of the bill, while 62 votes were cast against it and 59 MPs were absent

    Sri Lanka’s quick climb to the top personal income tax rate

    No full text
    This infographic has been published on PFP website under the title 'Sri Lanka’s quick climb to the top personal income tax rate'. This IKR entry contains 1 infographic in English.Sri Lanka imposes its highest tax rate at a relatively lower income threshold compared to other South Asian countries. Individuals earning over LKR 308,333 per month are subject to a steep 36% tax rate, making Sri Lanka the fastest in the region to reach its top tax bracket - the highest tax rate at which income is taxed. In comparison, India and Bhutan apply their top tax rate of 30% on incomes around LKR 457,000 and LKR 456,000, respectively, while Pakistan’s 35% rate applies to incomes above LKR 374,000. Bangladesh, with a lower top tax rate of 25%, taxes incomes above LKR 357,000. Nepal, the only country with a higher top tax rate than Sri Lanka, charges 39% on incomes over LKR 950,958, while its 36% rate applies to earnings above LKR 381,000—still higher than Sri Lanka’s threshold

    20240209_P0097_FC_UdayaGammanpila_PresidentialElectionDate

    No full text
    This submission includes English, Sinhala, and Tamil versions of the fact check.TRUE: According to the constitution of our country, [the] presidential election must be held for certain between 18th September and 18th October 2024. Udaya Gammanpila, Udaya Gammanpila’s YouTube Channel, 8 January 202

    20241023_P0126_FC_AnuraKumaraDissanayaka_ITprofessionals

    No full text
    This submission includes English, Sinhala, and Tamil versions of the fact check.PARTLY TRUE: Currently, there are 26 million software engineers in the world, but there are only 85,000 in Sri Lanka. Anura Kumara Dissanayaka, JVP Sri Lanka YouTube Page, 13 August 202

    Sri Lanka’s generous tax-free personal income tax threshold

    No full text
    This infographic has been published on PFP website under the title 'Sri Lanka’s generous tax-free personal income tax threshold'. This IKR entry contains one infographic in English.Sri Lanka has the highest tax-free income threshold in South Asia – without the Maldives. Citizens are exempt from paying income tax unless they earn over LKR 1.2 million annually (LKR 100,000 per month). In comparison, neighbouring countries have much lower thresholds. Bangladesh's monthly tax-free threshold is equivalent to LKR 75,682, while Pakistan’s is LKR 54,710. India and Bhutan have thresholds of around LKR 91,000, slightly lower than Sri Lanka. Nepal stands out as an outlier with no tax-free income threshold, imposing a 1% tax even on the lowest income earners. Sri Lanka’s generous tax-free allowance makes it one of the more taxpayer-friendly countries in the region, at least for those at the lower end of the income scale who are exempt from paying taxes

    Disparity in personal income tax burden on lower and higher income levels

    No full text
    This infographic has been published on PFP website under the title 'Disparity in personal income tax burden on lower and higher income levels'. This IKR entry contains one infographic in English.Sri Lanka's personal income tax burden varies significantly between lower and higher income levels. At lower incomes, particularly for those earning below LKR 250,000 per month, the tax burden—measured as the percentage of income paid in taxes—is lighter than in other South Asian countries. For example, individuals earning LKR 150,000 in Sri Lanka pay just 2% of their income as taxes, while the rest of South Asia, on average, pays 4%. However, beyond this income level, the tax burden rises steeply. For incomes exceeding LKR 250,000 per month, Sri Lanka’s tax burden increases more rapidly than its regional peers, making it one of the highest in South Asia. At an income level of LKR 500,000, Sri Lanka’s tax burden is much higher at 21%, compared to the South Asian average of 15%. However, it is still below the tax burden of Pakistan (22%) and Nepal (23%). Ultimately, Sri Lanka's personal income tax system places the country in a distinct position within South Asia. On one hand, it offers substantial relief to low-income earners with its high tax-free threshold. On the other hand, it imposes a steep tax burden on high-income earners, far more quickly than its neighbours

    146

    full texts

    2,571

    metadata records
    Updated in last 30 days.
    Verité Research Institutional Knowledge Repository
    Access Repository Dashboard
    Do you manage Open Research Online? Become a CORE Member to access insider analytics, issue reports and manage access to outputs from your repository in the CORE Repository Dashboard! 👇