Sri Lanka, Nov. 7 -- President Anura Kumara Dissanayake has announced that the Pay-As-You-Earn (PAYE) tax will be revised through the 2027 Budget, which is scheduled to be presented to Parliament next week.

He made the announcement while addressing the National Trade Union Convention being held today.

Speaking at the event, the President highlighted that the private sector makes the largest contribution to the country's economy, noting that the government has given special consideration to the economic well-being of employees in the sector.

He stated that the government had taken steps to increase basic salaries following discussions with private-sector institutions and business associations.

The President further noted that attentio...