Govt launches new tax deduction scheme for long-term investment in mutual funds

4 December 2019
The Nation
Taxation
SSF / Super Savings Fund / tax deduction schem

The government has launched a so-called super savings fund (SSF) aimed at encouraging people to invest in long-term mutual funds by offering tax deductions of up to 30 per cent of annual income.

The Cabinet approved the Finance Ministry’s proposal on the new tax scheme, Finance Minister Uttama Savanayana said after a Cabinet meeting on Tuesday.

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 The Nation Reporter

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Govt launches new tax deduction scheme for long-term investment in mutual funds

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