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

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.