IN PICTURES; A protest by the Trade Union Collective against what they call moves by the government to impose a 30 per cent tax on the Employees’ Provident Fund (EPF), Employees’ Trust Fund (ETF) and employee funds was held today near the Parliament junction.
However, Central Bank officials have explained that the 30% tax increase, as stipulated by the Inland Revenue (Amendment) Bill, applies only to the interest income on the bond portfolio. It was highlighted that in the event that superannuation funds do participate in the DDO, this will be reversed to 14%.
Pix by Eshan Fernando
The protest organised by the Trade Union Corporation took place at 3 p.m. at the Parliament Circle.
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.
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
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