Sri Lanka Brodcasting Corporation

Sat09222018

Last updateThu, 13 Sep 2018 10am

Local News

All new investments and businesses should pay a sum of 25,000 rupees to the Inland Revenue Department and seek advise with regarding to taxation prior to commencing the venture.

The Commissioner General of Inland Revenue Department Ivan Dissanayaka said all new investments and businesses should pay a sum of 25,000 rupees to the department and seek advise with regarding to taxation prior to commencing the venture. He further said this is an international standard adopted by many world countries. The external parties and investors have to pay more than 200,000 rupees to obtain a taxation report form the government. However, the department suggests a consultation fee from each new external party to understand the local taxation mechanism. Parliamentarian Bandula Gunawardena levelled an allegation against the government recently, but the Commissioner General vehemently rejected the claims of the parliamentarian.