Eleven workers’ social security and welfare funds including the Employees Provident Fund and the Employees Trust Fund have been exempted from the 25 per cent Surcharge Tax.
This decision was taken by Finance Minister Basil Rajapaksa under mounting pressure of government and opposition parties, trade unions and associations of social service activists, informed sources said.
A collective of trade unions politicians and social service activists representing several sectors have said funds of workers should not be taxed in any decent society to compensate for the loss of government revenue due to financial mismanagement and lack of clear economic policy.
The Finance Minister assured the Cabinet of Ministers yesterday that 11 funds will be exempted from the one-time tax surcharge proposed in the 2022 Budget. (Bandula)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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