Donations to COVID-19 Fund exempted from taxes

27 March 2020 08:38 pm Views - {{hitsCtrl.values.hits}} 7 Bookmark

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Donations to COVID-19 Healthcare and Social Security Fund that has been established to strengthen the mitigation activities aimed at controlling the spread of COVID-19 virus in the country and related social welfare programme, have been exempted from taxes and foreign exchange regulations, the President Media Division said.

In a statement, it said the special account had been opened at the Corporate Branch of the Bank of Ceylon under the account number of 85737373. Deposits can be made through cheques or telegraphic transfers. Donors are requested to inform the Presidential Secretariat along with the relevant documents about their donations in cash to the Fund.

The COVID-19 Fund was established by President Gotabaya Rajapaksa on last Monday. Creating the Fund, President Rajapaksa allocated Rs.100 million from the President’s Fund.

The President requested everyone to work in unison and brotherhood in the wake of the present challenge before the nation. Local as well as foreign donors can make their financial contributions to the COVID-19 Healthcare and Social Security Fund.

The Fund will be managed under a management committee consisting of relevant Line Ministry Secretaries, Bankers, Financial Analysts and Health authorities.

Comments - 7

Lal Friday, 27 March 2020 08:53 PM

TSUNAMI FUND?????????

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Dickie bird Saturday, 28 March 2020 12:32 AM

Lal -Let you be the next victim of the COVID 19 for your sarcasm. This is not the time for idiotic comments. Das - expenses accounts were sent to your mother.

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Chux Friday, 27 March 2020 09:08 PM

Will it be like helping Hanbantota???

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dickie bird Saturday, 28 March 2020 12:27 AM

Don't behave like an idiot at this time. U should be the next victim to COVID 19.

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das Friday, 27 March 2020 10:53 PM

What happened to the aid from China? Spent it already?

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vince Saturday, 28 March 2020 11:49 AM

I should bloody well think so. but rajapakses are known to tax the poor and the needy. they did it in the last round.

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kithsiri Saturday, 28 March 2020 02:18 PM

At this time whole world is in trouble. Foreign countries can't help Sri Lanka. Don't expect foreign aid. Sri Lanka has to manage itself. Now all Sri Lankans are idling at home. They just eat , don't produce anything expecting world to feed them. Please control Covid with minimum harm to economy.

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