Donations to COVID-19 Fund exempted from taxes
27 March 2020 08:38 pm
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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.