Cabinet has approved to submit for Parliamentary approval, the proposal to impose a one-off 25% surcharge tax on individuals or companies earning taxable income more than Rs. 2000 million for the assessment year 2020/2021.
This proposal was put forward in Budget 2022. The Attorney General's clearance has been received for the Surcharge Tax Bill prepared accordingly by the Legal Draftsman.
Accordingly, the Cabinet of ministers approved the proposal presented by the Minister of Finance to publish the Bill in the Government Gazette and thereafter submit it to Parliament.
Popular grade five tuition teacher, Hayeshika Fernando wanted over assaulting a 21 year old youth was granted bail today after she surrendered to courts.
First Bishop of the Batticaloa Diocese, Retired Bishop Joseph Ponnaiya, passed away today at the age of 74, following a brief illness.
A British national had been arrested over attempting to smuggle in the largest haul of kush( drugs) from Thailand, customs said.
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