Press "Enter" to skip to content

Posts tagged as “penalties”

Uncollected taxes, penalties and interest now amount to Rs 943 bn

By Shamindra Ferdinando in The Island, Nov 20, 2023The Inland Revenue Department (IRD) has told the parliamentary watchdog Committee on Public Accounts (COPA) that it couldn’t fully take over the Revenue Administration Management Information System aka RAMIS for want of sufficient number of qualified personnel. Top management of the IRD said so when COPA Chairman Lasantha Alagiyawanna (SLPP), during proceedings, asked them whether they could run RAMIS on its own. This is Alagiyawanna’s second stint…

COPA: Rs 900 bn yet to be collected in taxes, penalties and interest

report in The Island, May 17, 2023The Committee on Public Accounts (COPA) has questioned the failure on the part of the Inland Revenue Department to collect Rs 904 bn at a time the country was experiencing severe financial difficulties. The Parliament said that the total arrears in taxes, penalties and interest, due to the Inland Revenue Department, by December 31, 2022 under RAMIS and Legacy systems, is Rs. 904,342,180,778 (904 billion). It has been revealed…