CBSL sets first example of evading taxes in New Year!
The holiday leave enchashment entitled to employees under the Shop and Office Employees (Regulation of Employment and Remuneration) Act, 1954, which was set to be paid on the dawn of February this year, has already been settled to the employees of the Central Bank of Sri Lanka (CBSL) on December 30, 2022 by its top management navigated by Governor Weerasinghe in an appalling move to bypass the taxes applicable to 2023, corporate sources told LNW.
That being said, the CBSL has managed to evade the taxes applicable in the New Year by settling the holiday leave enchshment in advance.
Were the CBSL employees to be paid the holiday leave enchashment starting from February, 2023 in compliance with the revised tax accord, the amount to be paid as taxes would have been hundred thousands of rupees, according to sources.
LNW earlier divulged of the autonomy-in-question at the CBSL, and the growing discrepancy in the industrial environment leading to CBSL employees being mistreated by the Weerasinghe-led top management.
The CBSL top management’s conduct towards the settling of the holiday leave enchashment, accordingly, has set the first Sri Lankan example of evading taxes in the beginning of the New Year!