The Surcharge Tax Bill was passed with amendments in Parliament this morning.
The Surcharge Tax, which was announced in the Budget 2022 presented last November, is a one-off tax where individuals and companies are taxed 25 percent on taxable incomes that exceed Rs. 2 billion.
Earlier this year the government assured that 11 funds including the Employees Provident Fund and the Employees Trust Fund have been exempted from the controversial 25 percent Surcharge Tax.
President Gotabaya Rajapaksa also arrived in Parliament this morning and attended sittings for about 15 minutes.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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