Colombo (LNW): The Ministry of Finance has introduced criteria for the disbursement of bonuses to employees of Commercial Corporations, Statutory Boards, and Government-Owned Companies for the year 2023.
These bonuses will only be awarded to staff if the respective institutions have recorded profits in the financial year 2022, Finance State Minister Shehan Semasinghe said.
Additionally, the State Minister emphasised that bonuses can be authorised solely if the institutions have distributed a minimum of 30 per cent of the post-tax profits as dividends to the Consolidated Fund.
