Companies with 15 workers and over must make ETF remittances online from Feb. 1: Fin. State Minister

• This decision will help to secure the rights of the 2.8 million employees registered with the ETF Board

By Chaturanga Pradeep Samarawickrama  

From February 1, the remittances of all companies with more than 15 employees must pay their employees’ remittances to the Employers’ Trust Funds (ETF) through an online system, Finance State Minister Ranjith Siyambalapitiya said.  

He told the media that the decision will be implemented according to a decision taken by the President as the Finance Minister and according to the gazette notification issued by him.  

This decision will help to secure the rights of the 2.8 million employees registered with the ETF Board, as well as clarify the facts clearly and transparently, he said.  

There are 16,000 employers registered with the ETF, and this programme will ease their work.  
Earlier, several institutions engaged in this programme, but as of February 1, it will be applicable to all companies with more than 15 employees, the State Minister said.  

He sad employees will have the right to check their ETF remittances online, and this programme will be implemented to send an SMS to the respective employee to notify them of their ETF remittances.  
After implementing the programme, this will be a great opportunity for employees to look and plan their activities for the future, the State Minister added.