The Inland Revenue Department has opened investigations on companies who fail to pass on the benefit of the reduced VAT/NBT to its consumers.
Commissioner General of the Inland Revenue Nadun Guruge said that they have started monitoring tax returns of companies to ensure that benefits are being passed on to the companies.
He said that on a directive given by President Gotabaya Rajapaksa they are monitoring the situation so that the customers benefit from the reductions.
He said, action will be taken to recover the money if the companies fail to pass the benefit.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
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.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
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.
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