The Inland Revenue Department (IRD) announced that individuals earning below Rs. 1.8 million annually can claim relief on Advance Income Tax (AIT) deducted from deposit interest. 

Eligible individuals must submit a self-declaration to their banks.

The taxable monthly income threshold has increased from Rs. 100,000 to Rs. 150,000, providing tax relief. 

A 15% tax on foreign service income has been introduced, and stamp duty on leases and rentals has doubled to Rs. 20 per Rs. 1,000.