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Ideally everyone over 18 years should have a taxpayer number - Finance Minister



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''I am of the opinion that everyone over the age of 18 years should have a taxpayer number regardless of whether he or she had to pay taxes or not, Finance Minister Mangala Samaraweera said.

'Charities of a religious nature may have to pay taxes and temples that have had commercial activities from ancient times would be looked into in this regard. Government doctors engaging in private practice and lawyers are among those who avoid paying taxes. Therefore, the new tax system will trap them as well, the Finance Minister added while addressing the media on the new Inland Revenue Bill at the Finance Ministry auditorium yesterday.

The government is expecting parliament to vote on the new Inland Revenue Bill which will expand the tax net, by the third week of August 2017. The new law will apply to the 2018 fiscal year, Samaraweera said.'The purpose of the New Inland Revenue Bill is to increase the direct tax structure and reduce indirect taxes in order to create a just and fair society.

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