Abstract:
As a country that has been moving forward very slowly after a severe economic recession,
the government of Sri Lanka made many oppressive decisions to improve the situation. It
has launched various proposals to alleviate the current situation in Sri Lanka, especially in
accordance with the regulations of the International Monetary Fund. Accordingly, the primary
plan among the financial policies of the current government was the positive changes made
in the country’s tax policy. There, the changes made to Advance Personal Income Tax (APIT)
and Pay as You Earn Tax (PAYE) under the employment income were controversial among
the people. Based on the above facts, the research problem to be addressed is whether tax
amendments have an impact on academics and, if not, why this may be the case. The primary
purpose of this research is to assess the impact of APIT and PAYE tax amendments...
