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Everyone above 18 will have tax file – Siyambalapitiya

State Minister of Finance Ranjith Siyambalapitiya announced that starting from 01 January 2024, the Inland Revenue Department (IRD) would open tax files for all individuals above the age of 18.
While it was mandatory for individuals to open a tax file, not everyone would be required to pay taxes, State Minister Siyambalapitiya said. He further stated that the tax file number would also be used for future welfare benefits.
A special Gazette notification was issued by President Ranil Wickremesinghe, who serves as the Minister of Finance, Economic Stabilization and National Policies, with the approval of the Commissioner General of IRD. This notification, effective from 01 June, makes it compulsory for professionals belonging to 14 categories, including Doctors, Engineers, Chartered Accountants, and Architects, to register themselves with the IRD.
The Gazette notification also states that employees, whose combined monthly contributions to any Provident Fund exceed 20,000 rupees, are required to register with the IRD.
The list of professionals, who must register with the IRD, from 01 June, are: Practitioners registered with the Sri Lanka Medical Council (SLMC), members of the Institute of Chartered Accountants of Sri Lanka, members of the Institute of Certified Management Accountants of Sri Lanka, members of the Institution of Engineers Sri Lanka, members of the Association of Professional Bankers, members of the Sri Lanka Institute of Architects, members of the Institute of Quantity Surveyors Sri Lanka, Attorneys-at-Law of the Supreme Court of Sri Lanka, individuals who have registered their businesses in Divisional Secretariats, individuals who own vehicles registered (excluding three-wheelers, motorcycles, and hand tractors) with the Motor Traffic Department, individuals who have purchased or acquired any immovable property in Sri Lanka through Deeds Transfer on or after 01 April 2018, employees whose monthly contribution from both employee and employer to any Provident Fund exceeds 20,000 rupees, Individuals who obtain approval for a building plan from a Local Authority, and any other individual who receives payment of Rs. 100,000 per month or Rs. 1,200,000 for a 12-month period for providing any services in Sri Lanka.
According to the notification, individuals who do not fall into any of the mentioned categories but are 18 years of age, or older, as of 31 December 2023, or who reach the age of 18 on or after 01 January 2024, must register with the IRD from 01 January 2024.
Latest News
2024 Grade 5 Scholarship Examination cut-off marks released

The cut-off marks for the admission of students to Grade 06 of the schools based on the results of the 2024 Grade 5 Scholarship Examination have been released by the Ministry of Education and can be viewed by clicking on the following link.
https://g6application.moe.gov.lk/
Latest News
President focuses on streamlining, integrating and developing the manufacturing sector for greater efficiency

A meeting between President Anura Kumara Disanayake and officials of the Ministry of Industry and Entrepreneurship Development was held today (14) at the Presidential Secretariat.
Discussions focused on enhancing the efficiency, integration and development of the manufacturing sector to strengthen the national economy, as well as addressing the challenges associated with these efforts.
Key topics included government-led initial investments and proper regulation to empower small and medium-scale entrepreneurs, the establishment of local small-scale industries within investment zones and challenges related to business loans faced by small and medium-scale enterprises.
The President directed officials to expedite the release of lands allocated to the Ministry of Industry that have not been released so far.
Further discussions were held on maintaining and regulating import restrictions to strengthen local industries, prioritizing local suppliers in construction industry procurement and resolving issues in the gem and jewellery sector to ensure its full contribution to the national economy.
The President also instructed officials to swiftly implement tax exemptions for tourists to boost the gem and jewelry industry.
Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Industry and Entrepreneurship Development Thilaka Jayasundara and several other ministry officials attended the meeting.
[PMD]
News
Massive TN fishing fleet poaching in SL waters: Only India’s Central Govt. can halt it – Minister Chandrasekar

By Shamindra Ferdinando
Fisheries, Aquatic and Ocean Resources Minister Ramalingam Chandrasekar yesterday (13) emphasised that only the Central Government of India could prevent the Tamil Nadu fishing fleet from poaching in Sri Lankan waters.
The Minister said that the Central Government of India in consultation with Tamil Nadu should without further delay deploy the Indian Navy and Coast Guard to prevent large-scale organised crossing of the Indo-Lanka maritime boundary.
The JVPer said so when The Island asked him what he intended to do to curb poaching and the destructive fishing practice known as bottom trawling practised by the Tamil Nadu fishing fleet in our waters. “Our Navy and Coast Guard regularly conduct operations in the northern waters to deter the TN fishing fleet. But only India got the wherewithal to stop this menace,” Chandrasekar said.
Responding to another query, the lawmaker stressed that the NPP government would not hesitate to take a firm stand on the issue. “We believe that India should prevent TN fishing fleet from crossing the maritime boundary,” Minister Chandrasekar said, adding that during his interactions with relevant Indian authorities and diplomatic staff, including High Commissioner Santosh Jha, he had taken up the issue.
The Minister said that he had explained the difficulties experienced by the northern fishing community due to the Indian fishers stealing their catch, when Charles Callanan, Director, UNOPS South Asia paid a courtesy call on him recently. They may not intervene or comment on this matter but there was no harm in briefing them of the actual situation on the northern seas, the Minister said.
The people of the northern and eastern regions, too, overwhelmingly voted for the NPP, the lawmaker said, adding that therefore the problems faced by the northern and eastern fishers should be addressed.
Minister Chandrasekar said that President Anura Kumara Dissanayake had, during his three-day official visit to New Delhi in January, raised the issue at the highest level.
Asked whether he was aware of the protests that had been directed at Tamil National Alliance (TNA) leader S. Sritharan, MP, over his recent visit to see Tamil Nadu fishermen held at the Jaffna prison, Minister Chandrasekar said an NPP lawmaker too visited them. “We never sought media coverage for our visit to Jaffna prison,” Minister Chandrasekar said, adding that the government was determined to push for tangible solutions for recurring issues.
Acknowledging that various interested parties both here and in India sought political mileage at the expense of poaching by the Tamil Nadu fishing fleet, Minister Chandrasekar said that Sri Lanka had no option but to continue naval operations to deter encroachments.
Quoting northern fishers, Minister Chandrasekar alleged that at the rate Tamil Nadu fishing fleet stole Sri Lanka’s fisheries resources nothing would remain in 15 to 20 years’ time. The minister appreciated the efforts made by the navy to protect the interests of Sri Lankan fishermen.
Tamil Nadu poaching can be an issue at the forthcoming Local Government polls. There had been several incidents involving the navy and Tamil Nadu fishing vessels during the past couple of years. One incident claimed the life of a Special Boat Squadron man while two Indian fishers were shot and wounded in another. The second incident prompted India to summon Sri Lanka’s Acting HC in New Delhi to the Foreign Office where a warning was issued over the incident.
Minister Chandrasekar said that India should take meaningful measures to stop illegal fishing, thereby avoiding unnecessary incidents. The minister acknowledged that in spite of quite a number of arrests over the years, the Tamil Nadu fishing fleet seemed bent on continuing with the lucrative practice.
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