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Thursday, 07 September 2017 - 10:18
Parliament to debate Inland Revenue Bill
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The debate on Inland Revenue Draft Bill will be held in Parliament today (07).

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

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 rupees per annum to 1.2 million rupees through this new bill.

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