Ravi K warns companies not paying bonuses due to Super Gains Tax

Ravi-Karunanayake

Oct 20, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Tuesday that the government is in search for big companies that are not paying bonus payments to employees.

“I was disappointed with some of the companies that pretended to be paying Super Gains Tax and stop certain payments,” he said.

“There is no right for any of them to deprive any money going out to the hard working employees of their company.”

Karunanayake revealed there are 2 or 3 corporate companies that have already mentioned they are not going to pay bonus payments this year due to the tax.

“We’ll look to those companies and see how decent those companies are,” he said.

“If they pay for themselves bonuses and deprived the people who are working under them by saying it is a government imposition; I think that is very unfair,” Karunanayake said.

“We call upon them to ensure if they had a wrong interpretation, correct it now,” he insisted.

The government is to collect between 65 to 70 billion rupees from the Super Gains Tax imposed through 35 big corporates in Sri Lanka.