Going Going…

The Inland Revenue says the amnesty applications deadline can be extended after December 31 if the private sector is interested. The Inland Revenue says the amnesty applications deadline can be extended after December 31 if the private sector is interested. “There is no hard and fast rule that we have to close applications by December 31. But we can’t keep it open indefinitely. We can extend it if people want it,” said Mr R M Jothipala, Commissioner-PAYE, Department of Inland Revenue.

The Inland Revenue called for amnesty applications again in December after the UPFA government repealed the previous pardon granted in 2003.

People and companies wanting to hang on to the amnesty cover up to March 31, 2002, must apply again.

However, this time, the government will pardon only income tax evasions of undeclared assets and income and the option is open only to the previous amnesty applicants.

“Only applications that were acknowledged by the Inland Revenue during the previous amnesty will be entertained. We can’t have new applications,” said Jothipala.

So far the Inland Revenue has got around 100 applications