First Reading On motion made and seconded, the following Bills were read a first time – (a) The Revenue Tribunal Bill (No. XIII of 2025) (b) The Legal Aid and Legal Assistance Bill (No. XII Of 2025)

Madam Speaker will take the Chair. At this stage, Madam Speaker took the Chair.

Please, be seated. Yes, hon. Prime Minister. POINT OF PERSONAL EXPLANATION BUDGET SPEECH 2025-2026 – PARAGRAPH 272 (3.49 p.m.)

Madam Speaker, with your permission, I wish to make the following statement by way of personal explanation under Standing Order 28. With a view to dispelling any doubt about the interpretation of paragraph 272 of the Budget Speech 2025-2026 relating to Fair Share Contribution of 15%, I would like to inform the House that it relates to a high-income earner, earning annual net income exceeding Rs12 million, inclusive of dividend income received during the year from domestic companies, who will be required to pay a Fair Share Contribution at the rate of 15% of his chargeable income in excess of Rs12 million. Consequently, paragraphs 275 and 276 as they appear in the printed version of the Budget Speech should be disregarded.

Thank you.