- Last Update 2024-07-17 15:25:00
Inland Revenue union cautions govt on change of tax system
The Inland Revenue officers’ trade unions have cautioned the government that proposed changes in the tax collection system could lead to a revenue loss.
Mr H.A.L Udayasiri, Secretary of the Inland Revenue Service Union said that the proposed change moves to remove their department from collecting VAT from five key areas - tobacco, liquor, Telecom, vehicles and gaming.
He said under the proposed plan the VAT collection, hitherto under the Inland Revenue is to be removed.
The government is expected to introduce a new tax system under a new Act to be introduced.
Mr Udayasiri said last year due to change of tax policies the government lost a revenue of Rs 319 billion while the loss of tax due to the COVID-19 situation was only Rs 65 billion.
He said representations will be made to the President and Prime Minister regarding the matter.
-
Still No Comments Posted.
- July 11, 2024 - 1194 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 10, 2024 - 271 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 270 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 16, 2024 - 238 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
Related Articles
IN PIX: Samurdhi officers on protest
- 17/07/2024 - 1 - 0
Three Sri Lankans among 16 missing after ship capsizes off Oman
- 17/07/2024 - 18 - 0
High-level committee to oversee security arrangements of presidential candidates
- 17/07/2024 - 24 - 0
Fairly heavy rains likely today
- 17/07/2024 - 35 - 0
Leave Comments