One More Try

Hoarders who played hide and seek with revenue officials have been coming clean in droves in response to the governments tax amnesty, Deputy Finance Minister Bandula Gunewardene said.rn

rnldblquote They will not be questioned about the source of funds or face prosecution for not declaring the assets earlier,
dblquote Minister Gunewardene told members of the Institute of Chartered Accountants on Thursday.rn

rnInland Revenue has set up a special unit under a deputy commissioner to deal with the declarants.rn

rnTax experts say businessmen have and unprecedented opportunity to clear the decks are start anew.rn

rnThis is not just an amnesty, but a total exoneration that will lead to a renaissance, says R Gajendran who is ICASL
quote s taxation committee.rn

rnThe amnesty runs out in May this year. The government says it will forgive all outstanding problems taxpayers have with various revenue laws, including customs if they come clean now.rn

rnThe only exception is the VAT law, which is a new piece of