The Surcharge Tax Bill which was heavily criticised was passed in Parliament with amendments and without a vote this morning.
The Speaker announced that a debate on the bill will be held later.
A 25 percent surcharge will be imposed on any individual, partnership, or company, whose taxable income calculated in accordance with the provisions of the Inland Revenue Act, exceeds Rs.2 billion, for the year of assessment that commenced in April, 2020.
Parliamentarian Harsha de Silva said his faction lodged a Fundamental Rights petition before the Supreme Court against the bill as the Employees Provident fund and the Employees Trust Fund were included in the Bill.
He also presented a list of institutions that must be exempt from the proposed Surcharge Tax.
Chief Opposition Whip MP Lakshman Kiriella said the Opposition does not oppose the proposed Surcharge Tax Bill.