As a measure to increase government revenue in Sri Lanka, the International Monetary Fund has proposed to introduce an ‘Imputed Rental Income Tax’ (Imputed Rental Income Tax) for owner-occupied and vacant residential properties with effect from 01 April 2025. Sri Lanka Latest News
IMF Country Report No. published after the second review of the International Monetary Fund’s four-year comprehensive financing program for Sri Lanka. This is stated in the report 24/161.
The International Monetary Fund has taken steps to introduce a new ‘charged rental income tax’ due to the delay in the implementation of the property tax and gift and inheritance tax system that was prepared to be introduced by the International Monetary Fund earlier due to various constitutional restrictions.
