News
SLPP concerned about revenue proposals but won’t rock the boat
Final vote on Budget 2024 today:
Namal R. to skip vote
By Shamindra Ferdinando
The ruling Sri Lanka Podujana Peramuna (SLPP) on Monday (11) decided to vote for the Third Reading of the Appropriation Bill (2024) today (13).
The decision was taken at a meeting chaired by Premier Gunawardena, who is also the leader of the MEP. Gunawardena emphasised the responsibility on the SLPP to thwart Opposition’s attempts to dislodge the government ahead of the releasing of the second tranche of the USD 2.9 bn IMF bailout.
The warning was issued at a group meeting at the Committee Room 01. SLPP leader Mahinda Rajapaksa, Chief Government Whip Prasanna Ranatunga and Leader of the House Susil Premjayantha were present at the meeting held before the commencement of the day’s proceedings. State Finance Ministers Ranjith Siyambalapitiya and Shehan Semasinghe, too, attended the meeting.
Political sources said that Premier Gunawardena had explained the need to foil Opposition plans after Rear Admiral (retd.) Sarath Weerasekera strongly criticised increase of the Value-Added Tax (VAT) from 15% to 18% and imposition of VAT on 97 out of the 138 goods that were previously exempted from the tax. The MEP group in Parliament consists of three lawmakers, including the Premier.
In response to The Island query, SLPP General Secretary Sagara Kariyawasam said that the party would vote yes at the final vote though it didn’t agree with revenue proposals 100%. Attorney-at-Law Kariyawasam said that defeating of the 2024 Budget would cause economic and political chaos.
The SLPP announced the controversial decision as the party prepared to hold its second convention on Friday, December 15, at the Sugathadasa Indoor Stadium.
During the group meeting at Committee Room 1, former Public Security Minister Weerasekera pointed out the failure on the part of successive governments to collect taxes, penalties and interest amounting to Rs 943 bn as disclosed recently by the relevant parliamentary watchdog.
Expressing serious concern over major taxpayers’ taking advantage of the legal process to hold up the entire process, lawmaker Weerasekera pointed out as much as Rs 35 bn in VAT hadn’t been paid to the government. The Colombo District MP also questioned the failure on the part of the relevant authorities to collect VAT received by traders and staggering Rs 55 billion dud cheques issued to the government.
MP Weerasekera said that instead of going flat out to collect money owed to the government, taxes had been raised, new taxes introduced and the VAT imposed on items that were previously exempted from it. The ex-Minister stressed that the government strategy was not fair to the people struggling to make ends meet as imposition of further indirect taxes could be quite devastating.
The Second Reading of the Appropriation Bill for the year 2024 was passed in the Parliament on Nov 21 by a majority of 45 votes. Altogether 122 MPs voted for the Bill and 77 voted against it.
President Ranil Wickremesinghe, in his capacity as the Finance Minister presented the budget on Nov 13.
Political sources said that the UNP and SLPP at the highest level agreed in principle that they would work together, regardless of differences. SLPP MP Namal Rajapaksa, having skipped the vote on VAT on Monday, was most likely to refrain from voting today, sources said, adding that there was consensus between the two sides that the current alliance should remain.
The SLPP elected UNP leader Ranil Wickremesinghe in July last year to complete the remainder of President Gotabaya Rajapaksa’s five-year term.
The next presidential election has to be conducted and a new president elected by Nov 2024.
News
Elders’ home devastated by fire was a ‘house of horror’: Witnesses
Death toll rises to 12: Director remanded
Some residents were allegedly chained
Police have come under public pressure to investigate allegations of inhumane treatmenf the residents at an elders’ home in Batagoda, which was also reportedly used as a care centre for persons with special needs, following a devastating fire that has so far claimed 12 lives.
Eyewitnesses who were among the first responders told the media that several residents had been chained inside rooms at the Senehase Kedella Elders’ Home when the fire broke out on Wednesday. They claimed that rescue efforts were hindered as iron chains could not be removed, and that some residents died while being restrained.
Authorities have not yet verified these claims, and Police said investigations are continuing.
Police spokesman ASP F.U. Wootler, contacted for comment, said there were rumours to that effect, but the Police were not in a position to verify the claims until a report from the Government Analyst was received. He said eight survivors with burn injuries were being treated in hospital.
Meanwhile, the Director of the facility had been arrested and was due to be produced before the Horana Magistrate’s Court, Police said adding that he was remanded till June 11.
The death toll from the fire has risen to 12 as of Thursday morning following the recovery of additional charred remains during ongoing forensic examinations at the site. Six others sustained serious injuries and are being treated at the Horana Base Hospital.
Police said 72 residents were inside the facility at the time of the blaze. Of them, 10 died inside the building, seven were injured and hospitalised, while 51 were rescued and relocated.
Survivors were initially housed at Batagoda Junior School before being transferred with Army assistance to another branch of the same care network in Galpatha.
A magisterial inquiry was conducted on Thursday morning. Horana Magistrate Lakmini Vidanagamage visited the scene. The burnt remains were examined and removed under judicial supervision.
Separately, allegations have emerged that residents were required to pay an admission fee of Rs. 75,000, along with a monthly charge of Rs. 35,000 to the centre. Police have not commented on these claims.
The director was taken to the scene as part of ongoing investigations, while forensic experts continue examinations to determine the cause of the fire, which remains undetermined.Anguruwatota Police are conducting investigations.
By Norman Palihawadane and Nishan S Priyantha
News
CERT : AI-generated videos depicting Prez, PM lure public into financial scams
Sri Lanka CERT has issued a public warning over the circulation of artificial intelligence (AI)-generated videos falsely depicting President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya and several other prominent personalities to promote fraudulent investment schemes online.
According to complaints received by the national cyber security agency, the videos have been created using deepfake technology and are being used as part of attempts to defraud members of the public through financial scams.
The images of famous sports personalities and other public figures have also been misused in the deceptive content.
The agency has warned that similar AI-generated material has been used to spread false information relating to investment opportunities, employment offers, as well as matters concerning the country’s economy and tax policies.
According to Sri Lanka CERT, the videos are being widely shared across online platforms and frequently contain links urging viewers to make investments in return for purported profits.The agency has cautioned that these links may redirect users to fraudulent websites designed to steal personal information, financial data and money from unsuspecting victims.
Sri Lanka CERT has urged the public to exercise extreme caution when encountering such content online and advised against clicking on suspicious links or sharing personal information through unverified websites.
“The public should remain vigilant and avoid becoming victims of false information and online fraud schemes,” the agency said.
Sri Lanka CERT has also encouraged internet users to verify information through official sources before acting on any investment, employment or financial offers circulated via social media or other online platforms.
News
New tax law comes into force
Speaker Dr Jagath Wickramaratne on Wednesday endorsed the certificate on the Inland Revenue (Amendment) Bill, bringing the legislation into force as the Inland Revenue (Amendment) Act, No. 11 of 2026, Parliament sources said.
The Bill, which amends the Inland Revenue Act, No. 24 of 2017, was passed by Parliament on May 19.
The new law introduces a series of reforms aimed at modernising tax administration procedures, improving compliance and enforcement mechanisms, enhancing the accuracy of tax calculations and deductions, and strengthening transparency within the tax system.
The amendments also support broader economic policy objectives and include measures designed to reinforce anti-money laundering safeguards.Among the key provisions of the Act is the mandatory use of Taxpayer Identification Number (TIN) certificates for specified high-value financial transactions.
The legislation also introduces revisions to the calculation of taxable income, clarifies tax exemptions applicable to certain projects and business entities, and expands the scope for information disclosure to relevant authorities.
The amendments are expected to improve the efficiency of tax administration while facilitating greater accountability and regulatory oversight.With the Speaker’s endorsement of the certificate, the Inland Revenue (Amendment) Bill has now become law as the Inland Revenue (Amendment) Act, No. 11 of 2026.
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