The Cabinet has officially approved the IT Strategic Plan for the Inland Revenue Department, as announced by Cabinet Spokesman and Minister Dr. Bandula Gunawardhana during a press conference held at the Government Information Department on September 10, 2024. Dr. Gunawardhana detailed that the IT Strategic Plan, designed to digitize the Inland Revenue Department, was a
Sri Lanka is set to amend its Value Added Tax (VAT) Act to phase out temporary VAT registrations by the end of 2024, targeting importers and distinguishing between personal and commercial imports to prevent tax revenue loss, according to a recent Parliamentary report. The Third Report by the Committee on Ways and Means revealed that
A ministerial sub-committee’s report on the ‘Effective RAMIS System Utilization’ has recommended using the national identity card (NIC) to identify individuals for tax collection purposes. The report, which aims to enhance the Revenue Administration Management Information System (RAMIS), was presented to President Ranil Wickremesinghe by the committee chaired by Minister of Power and Energy Kanchana