- Last Update 2025-04-30 21:34:00
IN PICTURES; Protest by the Trade Union Collective
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.
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