The Ministry of Finance has announced criteria for the payment of bonuses to staff of Commercial Corporations, Statutory Boards, and Government Owned Companies for the year 2023.

Making the announcement, State Minister of Finance Shehan Semasinghe said payment of bonuses to the staff of the said entities should be granted only if the institutions had earned profits during the financial year 2022.

He further said that bonuses can be paid if only the institutions have paid at least 30% of the profit after tax as dividends to the Consolidated Fund. (NewsWire)

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