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IMF sounds tough on tax evasions, corruption
By Sanath Nanayakkare The International Monetary Fund said in Colombo yesterday that authorities need to publish governance diagnostics periodically in relation to tax collection, tax exemptions and tax concessions to dispel any doubts in the public mind whether any parties or individuals would be evading taxes through the loopholes. “We have heard concerns from people…
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49 mn. tax unpaid by cinema halls in Colombo
The Colombo Municipal Council (CMC) there is an unpaid tax arrears of Rs. 49 million due from cinema halls located in the CMC jurisdiction. The amount is an arrears of Entertainment Tax from 2019 – 2023, they said. According to the Entertainment Tax Ordinance, every cinema hall is required to pay 08% of their daily…
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Sri Lanka to capture 500,000 out of one million “evaders” into tax net: official
Tuesday January 9, 2024 11:15 am ECONOMYNEXT — Sri Lanka plans to bring 500,000 out of some 1 million “tax evaders” who have the capacity to pay income tax into the tax net in a bid to increase direct taxation to 40 percent, according to State Minister of Finance Ranjith Siyambalapitiya. Speaking at a media…
