Govt. imposes 25% tax on EPF & ETF profits: SJB

8 February 2022 09:01 pm - 5 - {{hitsCtrl.values.hits}}

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The government for the first time in history of Sri Lanka has imposed a 25% tax on EPF and ETF profits, Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva said.

He said the plan is to extract Rs 70 billion from private sector workers.

The gazette notification has also been issued in this regard.

According to the gazette, companies, groups companies, partnerships and individuals earning over 2.0 billion rupees, will be levied a 25 percent.

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Comments - 5

Chux Tuesday, 08 February 2022 10:52 PM

These are innocent peoples money and interest on EPF will be very slow as this surcharge will go in to the hands Pradeshiya Saba thugs

Sam Silva Tuesday, 08 February 2022 11:49 PM

Dr Harsha. Not sure where you got this news from. No such a gazette has been issued as yet.

Nihal Tuesday, 08 February 2022 11:57 PM

People will be paying for the rajapaksha clans wealth for another 100 years.

Saran Wednesday, 09 February 2022 12:51 AM

This is sooo BAD basically Robin hood policies are being played in SL

VJ Wednesday, 09 February 2022 11:55 AM

Worst of all the revenue collected will be used to bribe voters to win elections. Majority of the rural population do not contribute or benefit from EPF/ETF. They are most likely to take the bribe for their vote.

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Govt. imposes 25% tax on EPF & ETF profits: SJB

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