Hirunews Logo
Inland+Revenue+Act+to+be+amended+
Wednesday, 04 May 2016 - 14:06
Inland Revenue Act to be amended
52

Shares
6,322

Views

The cabinet has passed a proposal to amend the Inland Revenue Act to improve its clarity and transparency.

“Simplification and modernization of the act according to acceptable tax principles that helps in attracting investors has become a timely requirement,” it was noted.

Thus the proposal made by Ravi Karunanayake, Minister of Finance, to instruct the Legal Draftsman to redraft the Inland Revenue Act according to international standards and improving clarity and transparency as proposed by the budget 2016, was approved by the Cabinet of Ministers.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
1,418 Views
13,068 Views
5,050 Views
6,457 Views
81 Views
9,662 Views
Top