The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders. The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders. Under the present tax laws, the banks are obliged to give out their customer details, the Dept Chief K Suseelar said.
But the laws were slightly bent about ten years back, as bankers protested that blanket information sharing was frightening their customers.
“We now collect information on a specific basis, like can we have Mr. Perera’s financial details,” explains Suseelar.
But things could change.
Suseelar says the tax net needs to be widened – classifying customers by their NIC numbers is just one of the new options.
Plans for a powerful Revenue Collection Authority have been thrown out.
In its place, the new government wants to beef up tax collectors and administrators, infuse management discipline and computerise its database.
A new tax audit and surveillance unit has also been created to step up tax collection.
“We are empower