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COPF ticks off Finance Ministry, IRD for failure to collect taxes from sugar scammers

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Dr. Harsha de Silva

The Committee on Public Finance (COPF) has expressed strong displeasure at the Ministry of Finance and the Inland Revenue Department’s failure to collect foregone taxes from major corporations implicated in the 2020 sugar scam.

The COPF has instructed the Inland Revenue Department to furnish a report on the sugar scam within a Week. The report should highlight the reasons for delays in taking action against the scammers and the expected recoveries from the 2020 sugar scam The Committee is led by SJB MP Dr. Harsha de Silva.

The COPF chair said the companies involved had been mentioned in a forensic report by the Auditor General.

The Committee has emphasised that the relevant institutions have not implemented any measures to ensure accountability, and that has allowed certain large corporations to unfairly benefit from the reduced tax rate at the expense of consumers.

The Committee has inquired about the extent of tax collection from the implicated companies and directed the Inland Revenue Department to submit a comprehensive report within a week.

The Committee has expressed concern over the proposed reversal of the tax policy, which aims to increase the Special Commodity Levy on sugar from 0.25 cents per kilo back to Rs 50.

The Committee has emphasised the need to hold wrongdoers accountable before imposing additional financial burdens on the public.The Committee had discussions with the officials from the Consumer Affairs Authority (CAA) to address concerns about the maximum retail price (MRP) not being adhered to by distributors. CAA officials revealed that despite conducting 342 raids and imposing fines on micro, small, and medium businesses exceeding the MRP, it was difficult to penalise wholesale distributors due to the absence of a maximum wholesale price in the gazette.

The Committee has directed the CAA to conduct a comprehensive study on the imposition of MRP, considering factors such as the Special Commodity Levy and importer prices. Furthermore, the Committee has requested the CAA to propose a mechanism to address the ongoing issue of wholesale distributors selling above the MRP and engaging in fraudulent activities.



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Landslide RED warnings continue to be in force for the Districts of Kandy, Kegalle, Kurunegala, Matale and Nuwara Eliya

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The RED Landslide Early Warnings issued  by the Landslide Early Warning Center of the National Building Research Organization [NBRO]  to the Districts of Kandy, Kegalle, Kurunegala, Matale and Nuwara Eliya have been extended until 1600hrs today [06th December 2025]. Landslide Early warnings have also been issued to the districts of  Badulla, Colombo, Galle, Gampaha, Kalutara, Matara, Monaragala and Ratnapura,

Accordingly,
LEVEL III RED warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Gangawata Korale, Deltota, Doluwa, Thumpane, Medadumbara, Minipe, Pathahewaheta, Yatinuwara, Ganga Ihala Korale, Akurana, Udunuwara, Panvila, Pathadumbara, Kundasale, Pasbage Korale, Hatharaliyadda, Ududumbara, Poojapitiya, Harispattuwa and Udapalatha in the Kandy district, Galigamuwa, Kegalle, Mawanella, Rambukkana, Dehiowita, Warakapola,  Deraniyagala, Bulathkohupitiya,  Ruwanwella, Yatiyanthota and Aranayaka in the Kegalle district, Narammala, Mawathagama, Mallawapitiya, Alawwa, Rideegama and Polgahawela in the Kurunegala district, Rattota, Wilgamuwa, Ukuwela, Pallepola, Matale, Laggala Pallegama, Yatawatta, Naula and Ambanganga Korale in the Matale district, and Nildandahinna,  Walapane,  Hanguranketha and  Mathurata in the Nuwara Eliya district.

LEVEL II AMBER warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of  Uva Paranagama, Kandeketiya, Bandarawela, Soranathota, Hali_Ela, Meegahakivula, Badulla, Ella, Haputhale, Lunugala, Welimada, Passara and Haldummulla in the Badulla district, Nuwara Eliya, Ambagamuwa Korale, Thalawakele, Norwood, Kothmale West and Kothmale East in the Nuwara Eliya district, and Kahawaththa, Godakawela and Kolonna in the Ratnapura district.

LEVEL I YELLOW warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Padukka and Seethawaka in the Colombo district, Elpitiya and Yakkalamulla in the Galle district, Mirigama, Attanagalla and Divulapitiya in the Gampaha district, Bulathsinhala, Ingiriya and Horana in the Kalutara  district, Athuraliya and Pasgoda in the Matara district, Bibile and Medagama in the Monaragala district, and Kiriella, Nivithigala, Eheliyagoda, Kuruwita, Kalawana, Pelmadulla, Elapatha, Balangoda, Openayake, Imbulpe, Ayagama, Ratnapura and Kaltota in the Ratnapura district.

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IMF pledges additional aid to Lanka following Cyclone Ditwah destruction

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Julie Kozack, Director, IMF Communications Department

The International Monetary Fund (IMF), on Thursday, signalled strong solidarity with Sri Lanka in the wake of Cyclone Ditwah, confirming that it is actively exploring options to provide further support for recovery and resilience beyond the existing Extended Fund Facility (EFF).

Julie Kozack, Director of the IMF’s Communications Department, opened her remarks with heartfelt condolences:

“Our deepest sympathies go out to the people of Sri Lanka for the effects of the devastating cyclone. Our hearts mourn the loss of life that has taken place,” she said, extending condolences to other Asian nations also grappling with severe flooding, including Indonesia, Malaysia, Thailand, and Vietnam.

On Sri Lanka, Kozack emphasised that the IMF is closely engaging with authorities, development partners, and counterparts to assess the humanitarian, social, and economic toll of the disaster.

“Large parts of Sri Lanka have been affected by floods, and we expect economic activity to be adversely impacted, in addition to the significant human toll,” she noted.

The IMF is awaiting the completion of a rapid post-disaster damage assessment, led by Sri Lankan authorities, in collaboration with international partners, to better gauge the economic impact.

“We are continuing to support Sri Lanka’s recovery, reform, and resilience under the EFF arrangement. Our staff is looking into options to further support Sri Lanka in the recovery process,” Kozack confirmed.

She reiterated that the Board meeting, scheduled for 15 December, remains on track, following the staff-level agreement on the fifth review reached in October—prior to the cyclone.

“We will provide additional details as the assessment of economic needs and damages moves forward, and as we have more information to inform our thinking around the options,” she added.

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Marrikkar Mohamed Thahir takes oath as SJB National List MP

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Naina Thambi Marikkar Mohamed Thahir was sworn in as a Samagi Jana Balawegaya (SJB) National List Member of Parliament before Speaker Dr. Jagath Wickramaratne yesterday (05).

His appointment follows the resignation of SJB Parliamentarian Muhammathu Ismail Muththu Mohamed, who stepped down from his position on 28 November.

The SJB subsequently nominated Thahir to fill the resulting vacancy.

Accordingly, the Election Commission issued a Gazette Extraordinary declaring Naina Thambi Marikkar Mohamed Thahir a Member of Parliament, in terms of Section 64(5) of the Parliamentary Elections Act, No. 1 of 1981, as amended by Section 6 of the Elections (Special Provisions) Act, No. 35 of 1988.

With the issuance of the gazette, and the subsequent swearing-in, Thahir has officially assumed duties as a National List MP, representing the SJB.

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