News
Amendments to Inland Revenue Act No 24 of 2017 to expedite the tax appeal process
The Cabinet of Ministers approved the proposal presented by the President in his capacity as a Minister of Finance Economic Stabilization and National Policies to instruct Legal Draftsman to prepare a draft to introduce appropriate amendments to the Inland Revenue Act No 24 of the 2017 to expedite and formalize the tax appeal process.
[As per the provisions of the Inland Revenue Act, a tax payer who is not satisfied with a decision of the Inland Revenue Department, can submit an appeal to the Commissioner General of Inland Revenue. The Commissioner General of Inland Revenue should give his/her decision in respect of the appeal without exceeding 02 years. A tax payer who is not satisfied with the decision of Commissioner General of Inland Revenue furthermore, can forward an appeal to the Tax Appeal Commission to review the said decision as well and the decision of the Tax Appeal Commission should also be given within 270 days from the date receipt of the said appeal. Accordingly, approximately 3 years can be taken for the appeal process and as a consequence, the government has not been able to collect the taxes amounting to 73 Billion Rupees.]
The Cabinet of Ministers has approved the proposal presented by the Minister of Transport, Highways, and Urban Development to award the contract for printing and supplying vehicle number plates for the Department of Motor Traffic for a period of five (5) years to M/s South Asian Technologies based on the recommendations of the High-Level Standing Procurement Committee and the Procurement Appeal Board.
The National Lotteries board has been established subject to the Finance Act No. 11 of 1963. Having identified the requirement of amending that act which was imposed around 62 years to cater the current requirements of the lottery market, the Cabinet of Mnisters at their meeting held on 14.02.2017 granted approval to draft a new bill for the purpose.
Accordingly, the National Lotteries Board has recognized further amendments to be performed to the fundamental draft bill prepared by the Legal Draftsmen.
Therefore, the Cabinet of Ministers granted approval for the
resolution furnished by the President in his office as the Minister of Finance, Planning and Economic Development to direct the Legal Draftsmen to finalize the formulation of the draft bill for the National Lotteries Board as soon as possible including the proposed new amendments as well.
The Werahara office of the Department of Motor Traffic performs issuance of temporary driving licenses in this country based on the driving licenses issued overseas, and measures have been initiated to render the service from a service window of the Department of Motor Traffic established at the Bandaranayake International Airport from 03.08.2025.
The fees charged for issuing temporary driving licenses have been published in Motor Vehicles (Driving License Levy) Regulations No. 3 of 2022 prepared under the provisions of the Motor Traffic (Authority 203) Act.
But, as the fee of Rupees 2,000/- charged for the service is not sufficient, the requirement of amending the regulations has been recognized.
The regulations for introducing the revised fees have been published in the government extraordinary gazette
notification No. 2463/04 dated 17.11.2025. Therefore, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Transport, Highways and Urban Development to
submit the regulations to the Parliament for its concurrence.
M/s South Asian Technologies awarded contract to supply vehicle number plates
A new act for National Lotteries Board to be introduced
Motor Vehicles (Driving License Levy) Regulations No. 3 of 2022 to be amended
Mrs. P. K. L. S. Panduwawala appointed to the post of Surveyor General
Implementing the programme to provide concession for pepper, coffee and cardamom plantations affected by the disaster
Cabinet nod to obtain diagnostic reports under public-private partnership
‘Dates have the highest sugar content to fight Coronavirus’
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