Extended Invitation

Mar. 29 (LBO) – Sri Lanka’s Department of Inland Revenue is giving three extra months to pay back-taxes without facing penalties. Newly appointed Inland Revenue Chief A A Wijepala said those who did not have tax files earlier but register to pay tax this year, would not be questioned about their incomes in previous years.

In Sri Lanka government servants, do not pay tax and income tax and a large number of professionals including doctors, lawyers and accountants do not maintain tax files.

The inland revenue department has been hitting headlines in recent weeks as a senior official is being prosecuted for what is generally considered to be the country’s largest ever fraud involving a Rs3.5 billion refund of value added tax.

-Ishara M Gamage: ishara@vanguardlk.com