The Inland Revenue Bill is set to be taken up for debate in Parliament next week. A full day debate has been facilitated on the Bill on August 25 from 11.30am to 7.30pm.
The Government will move further amendments to the Bill at its committee stage. The Supreme Court determined that several clauses in the Inland Revenue Bill were inconsistent with the Constitution.
The Government presented the Inland Revenue Bill in Parliament for the first reading on July 5. The Bill is to provide for the imposition of Income Tax for any year of assessment commencing on or after April 1, 2017.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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