Extended Invitation

Mar. 29 (LBO) - Sri Lanka's Department of Inland Revenue is giving three extra months to pay back-taxes without facing penalties.
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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.
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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.

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5 billion refund of value added tax.
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-Ishara M Gamage: ishara@vanguardlk.com

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