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.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
President Ranil Wickremesinghe is firm about the President’s five-year tenure, the President’s Media Division (PMD) said.
Individuals who have obtained a Taxpayer Identification Number (TIN) yet do not meet the cutoff, can choose to remain tax exempt after notifying the IRD in writing, provided that their monthly income does not surpass the threshold, according to the State Minister of Finance Ranjith Siyambalapitiya.
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