- Last Update 2025-04-29 17:08:00
Surcharge Tax Bill passed with amendments
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.
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- April 19, 2025 - 172 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
- April 25, 2025 - 164 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
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