Connect with us

News

IRD’s inability has led govts. to extract unbearable taxes from professionals, honest people

Published

3 years ago

on

The government can reduce taxes imposed on professionals, Chairman of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis, MP Gamini Waleboda has said.

The MP has said professionals earn salaries, which cannot be compared to profits.

“A person who makes Rs 350,000 a month is now subject to a tax of 36 percent. Then there is inflation. They can hardly maintain the lifestyles they enjoyed, and this compels them to leave

the country. The level of brain drain is scary,” he has said.The Committee is expected present several proposals to the government on reducing taxes for professionals.

Walebodahas said that the Inland Revenue Department (IRD) is entrusted with expanding the tax net, but is unable to meet the targets due to inefficiency and a chronic shortage of personnel.

“It has been late in adopting new technology. I think we all know about what has happened to Random Access Management Information System (RAMIS) that IRD started to implement in 2012. This was to automate the tax system. There has been a 400% cost overrun. Moreover, it takes 30 minutes to register a new tax payer,” he said.

The incompetence of the IRD, which has deprived the government large amounts of potential tax revenue has compelled governments to extract unbearable taxes from professionals and honest businesses, the MP has said.

“We need to make the IRD an efficient institution soon.”


Related Topics:
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Cabinet aporives recruitment of Nursing Instructors for Nursing Schools under the Ministry of Health and Mass Media on Contract Basis

Published

6 hours ago

on

2026/09/1

By

There are 17 nursing schools under the Ministry of Health and Mass Media including the postgraduate primary nursing school.

There are 142 vacancies in the posts of Grade I / Special Grade Nursing Officer (Education) as on 31.03.2026 in those schools while 24 officers are to be promoted to the special grade on 31.12.2025 owing to the vacancies existing in the post of Special
Grade Nursing Officer (Education). Therefore, the number of vacancies is to be 166.

In addition, there are 24 vacancies in the post of Special Grade Nursing Officer (Education).

Although at present action has  been taken to upgrade the nursing schools to nursing colleges and upgrade the nursing diploma course to nursing degree course, no action has  been taken so far to carry out recruitment for the training relevant to the appointment for the post of Grade I / Special Grade Nursing Officer (Education).

Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Health and Mass Media to recruit  retired nursing instructors and nursing instructors who served in the nursing schools belonging to the three armed forces and are retired or have resigned legitimately from service to the post of Grade I / Special Grade Nursing Officer (Education) on contract basis.

Continue Reading

Latest News

Signing  agreement for the establishment of BIMSTEC Technology Transfer Facility in Sri Lanka

Published

7 hours ago

on

2026/09/1

By

It has been decided to establish a BIMSTEC technology transfer facility in Sri Lanka by entering into a Host Country Agreement at the second leaders’ summit of BIMSTEC (Bay of Bengal
Initiative for Multi-Sectoral Technical and Economic Cooperation) held in New Delhi, India, in 2008, with the objective of enhancing regional cooperation.

The relevant cooperation agreement was signed by the member countries at the 5th BIMSTEC summit on 30-03-2022 in Colombo.
The prime objective of this technology transfer facility is to provide technology, capacity building, and management of intellectual property for the micro, small, and medium-scale
enterprises of the BIMSTEC member countries.

According to the cooperation agreement, an agreement should be entered into between Sri Lanka, as the host country, and  BIMSTEC  Secretariat for formalizing the legal status, privileges, and immunities of the technology transfer facility.

The drafted agreement has received the relevant institutional approval and legal clearance.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Science and Technology to sign the proposed agreement.

Continue Reading

News

 The cabinet approves agreement on mutual legal cooperation in criminal matters between the Republic of Sri Lanka and the Republic of Korea

Published

7 hours ago

on

2026/09/1

By

Approval has been granted at the cabinet meeting held on 11-12-2023 to sign an agreement between the Republic of Korea and the Government of Sri Lanka regarding mutual cooperation
in criminal matters.

However, according to the aforementioned approval, the relevant agreement could not be signed between both parties.

Through this agreement, opportunities will be provided
for mutual assistance to other countries in handing over judicial documents and collecting evidence for the use of criminal case matters.

Accordingly, the Cabinet of Ministers has approved the resolution provided by the Minister of Justice and National Integration to sign an agreement between the Republic of Korea and the Government of Sri Lanka to cooperate in criminal matters.

Continue Reading

Trending