Debate+on+new+Inland+Revenue+Bill+fixed+for+tomorrow
Wednesday, 06 September 2017 - 16:42
Debate on new Inland Revenue Bill fixed for tomorrow
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The debate on Inland Revenue Draft Bill will be held in Parliament tomorrow (07).

The draft bill was tabled in Parliament in July. The Committee Stage debate will also be concluded tomorrow.

The Finance Ministry said after the draft bill was tabled in Parliament, several cases were filed in the Supreme Court against it.

The Finance Ministry said it is expected to add and introduce a number of revisions to the draft bill, based on the Supreme Court ruling and discussions the Ministry had with various other stakeholders.

The Ministry said that the PAYE threshold will be increased from 750,000 per annum to 1.2 million rupees through this new bill.

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