Bank and financial institution employee’s taxes removed.


The Presidential Media unit says that President Mahinda Rajapaksa has decided to abolish taxes on state & private bank as well as financial institutions employees' perks imposed by Special Gazette 1857/8.


Accordingly the tax benefit will be in effect for the profit and loss accounts in banks and financial institutions.


The president had made the decision following a meeting with representatives of the Bank of Ceylon Employees' Union yesterday.